Breaking News

Elgato Puts Premium Seating Within Reach ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors Synology Releases DiskStation Manager 7.3 Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors Elgato Debuts Supersized Prompter XL for Studio Use

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Samsung Forecasts Strong Q1 Profit, Leaves The Note 7 Fiasco Behind

Samsung Forecasts Strong Q1 Profit, Leaves The Note 7 Fiasco Behind

Enterprise & IT Apr 7,2017 0

Samsung Electronics forecast on Friday an operating income of 9.9 trillion won ($8.7 billion) for the first quarter, recording a nearly 50 percent on-year jump.

The Korean tech giant estimated Friday it posted 50 trillion won in sales and 9.9 trillion won in operating income, 0.44 percent and 48.2 percent rises on-year. The operating profit is the second-highest profit total since the company recorded 10 trillion won in the third quarter of 2013.

The earnings was driven by the company's chip unit, which is expected to record more than 6 trillion won in operating profit taking advantage of favorable market conditions.

Samsung's smartphone unit is estimated to post around 2 trillion won -- about half from the previous year -- due to the delayed launch of its flagship smartphone Galaxy S8. Samsung launched no new smartphone in the first quarter in wake of the battery explosion of the Note 7.

Analysts predicted the smartphone unit will recover in the following quarter when its flagship smartphone Galaxy S8 is rolled out, predicting operating income will post 3.5 trillion won.

The combined sales of Samsung Electronics Co.'s new flagship Galaxy S8 series is expected to surpass the 40 million unit mark.

Tags: SAMSUNG
Previous Post
LG Electronics Expects Profit Boost From On Healthy Sales Of Appliances and TVs
Next Post
YouTube Won't Show Ads Unless You Have 10,000 Views

Related Posts

  • Galaxy AI Is Coming to New Galaxy Watch for More Motivational Health

  • Samsung Introduces Galaxy A55 5G and Galaxy A35 5G

  • Samsung’s New AI PC, Galaxy Book4 Series, Available Globally Beginning February 26

  • Samsung and Google Cloud Join Forces to Bring Generative AI to Samsung Galaxy S24 Series

  • Samsung Galaxy S24 Ultra Creates New Standards of Durability and Visual Clarity With Corning® Gorilla® Armor

  • Samsung announces 2024 Neo QLED, MICRO LED, OLED

  • Samsung Electronics Expands Odyssey Gaming Monitor Lineup With New OLED Models at CES 2024

  • Samsung Adds More Devices to Its Self-Repair Program, Including Foldables for the First Time

Latest News

Elgato Puts Premium Seating Within Reach
Consumer Electronics

Elgato Puts Premium Seating Within Reach

ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors
Cooling Systems

ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors

Synology Releases DiskStation Manager 7.3
Enterprise & IT

Synology Releases DiskStation Manager 7.3

Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors
Enterprise & IT

Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors

Elgato Debuts Supersized Prompter XL for Studio Use
Consumer Electronics

Elgato Debuts Supersized Prompter XL for Studio Use

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed