Samsung reports record profits in Q3 2017, up 179% YoY; announces new leadership line-up

Samsung Galaxy Note 8_fonearena-3

Samsung has reported its earnings for Q3 2017, in which the company has made operating profit of 14.53 trillion won ($13 billion), up 179.4% YoY for the quarter that ended September 30, 2017, as expected. This is a new all-time high quarterly profit, due to strong demand for high-performance memory chipsets for servers and flagship mobile devices. Continue reading “Samsung reports record profits in Q3 2017, up 179% YoY; announces new leadership line-up”

Samsung’s earnings guidance for Q3 2017 reveals another record profit

Samsung Galaxy Note 8_fonearena-3

Samsung has posted its earnings guidance for the third quarter of 2017, which reveals that it will post an all time high 14.5 (14.4 ~ 14.6) trillion Korean won ($12.8 billion approx.) in operating profits for the quarter, nearly tripling (178% up) from a year earlier. This will beat the 14.07 trillion won ($12.7 billion) profit that it had posted in Q2 2017. Continue reading “Samsung’s earnings guidance for Q3 2017 reveals another record profit”