SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung Q1 2017 operating profit expected to jump 40 percent

Business
By 

Last updated: February 22nd, 2017 at 10:23 UTC+02:00

Things may not be looking good for Samsung’s top management but these troubles are not likely to have an impact on its business in the short term. This is why analysts who cover the company are of the view that it’s going to showcase robust growth in the first quarter of this year. According to a forecast shared with investors by KB Investment and Securities, Samsung’s Q1 2017 operating profit is expected to jump 40 percent year-over-year to 9.3 trillion won or $8.14 billion.

It was previously estimated that the first quarter operating profit would fall slightly due to the low season that’s normally seen this time of the year. However, analysts are of the view that the strong prices of semiconductors and display products will help push Samsung’s quarterly profits higher. As some of you might already be aware, semiconductors and display products are two of Samsung Electronics’ biggest cash cows.

It’s estimated that the company’s semiconductors and display divisions will contribute to 71 percent of the higher operating profit, up from 53 percent during the same time last year. The mobile division is expected to show improvement as well but the true financial impact of the Galaxy S8 will not be properly visible until the second quarter of this year considering that it will arrive towards the very end of Q1 2017.

Via Business Samsung Galaxy S8
Load 0 comments

You might also like

5-year-old Galaxy S8, Galaxy S8+ get new software update

Earlier this year, Samsung had removed the Galaxy S8 and the Galaxy S8+ from its software support list. Howeve …

  • By Asif S.
  • 5 months ago

T-Mobile will buy these Galaxy phones for you just for switching netwo …

The offer includes various Galaxy S and Galaxy Note models and comes with a prepaid card worth up to $1,000.

  • By Mihai M.
  • 7 months ago

Samsung surprises Galaxy S8, Galaxy S8+ users with new software update

Samsung had launched the Galaxy S8 and the Galaxy S8+ four years ago, and the company had removed them from it …

  • By Asif S.
  • 10 months ago

Samsung stops updating the Galaxy S8, four years after its release

The Galaxy S8 and the Galaxy S8+, which were launched way back in April 2017, will no longer get new software …

  • By Asif S.
  • 1 year ago

Samsung rolling out April 2021 security patch to Galaxy S8, Galaxy S8+

Samsung was the first Android OEM to release the April 2021 security patch. The company has already rolled out …

  • By Asif S.
  • 1 year ago

This is how the Galaxy S eco packaging has changed over the years

Samsung’s sustainability efforts in recent years have led to a few key changes to the company’s ma …

  • By Mihai M.
  • 1 year ago