Samsung reports record profits in Q1 2018, up 58% YoY, mobile profits up 82% YoY

Samsung has reported its earnings for Q1 2018, in which the company has made operating profit of 15.64 trillion won ($14.4 billion), up 58% YoY for the January-March 2018 period. This is a fourth straight record profit, and new all-time high quarterly profit, due to strong sales in Semiconductor Business and the early global launch of the Galaxy S9.

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Samsung’s earnings guidance for Q1 2018 reveals another record profit

Samsung has posted its earnings guidance for the first quarter of 2018, which reveals that it will post an all time high 15.6 (15.5 ~ 15.7) trillion Korean won ($14.6 billion approx.) in operating profits for the quarter, 57% up from a year earlier. This will beat the 15.15 trillion won ($14.13 billion) profit that it had posted in Q4 2017. Continue reading “Samsung’s earnings guidance for Q1 2018 reveals another record profit”