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

Samsung posts highest-ever Q1 operating profit on revenue of $44.7 billion


Last updated: April 27th, 2017 at 06:12 UTC+02:00

Samsung shared its earnings guidance for the first quarter of 2017 last month. It expected the operating profit to come in at 10.1 trillion won or $9 billion. The company today reported its Q1 2017 earnings and hasn’t strayed too far from its guidance.

Samsung brought in an operating profit of 9.9 trillion won or $8.7 billion. This makes Q1 2017 Samsung’s second-best quarter ever and also represents the highest-ever operating profit for the January to March period. Overall revenue came in at 50.55 trillion won or $44.7 billion.

The company points out that revenue from its mobile business fell during the quarter due to a decline in flagship product sales. However, its quarter was salvaged by increased sales for the memory and display businesses. Profits were driven by the semiconductor and display panel segments.

Samsung mentions in the earnings release that even though smartphone and tablet demand saw a slight decrease quarter-over-quarter, smartphone shipments actually increased slightly during this period.

This was primarily due to the new Galaxy A (2017) series and robust sales in the mid- to low-end segment in emerging markets. The division’s overall profits decreased due to price adjustments of the Galaxy S7 and Galaxy S7 edge.

The company is looking to improve the performance of its handset division year-over-year by maximizing sales of the Galaxy S8 and Galaxy S8+ this quarter but it does expect competition to intensify with newly launched smartphones in the market.


Source Business Earnings
Load 0 comments

You might also like

Despite slowing smartphone sales, Samsung achieves its best ever Q2 profit since 2018

After revealing its earnings guidance a few days ago, Samsung announced its earnings for Q2 2022 earlier today. The company said that its revenue was KRW 77.2 trillion (around $59.1 billion), its best ever for second-quarter figures. The South Korean firm’s revenue was a 21% improvement compared to Q2 2021. The company’s Q2 2022 profit […]

  • By Asif Iqbal Shaik
  • 2 months ago

Samsung could achieve its best Q2 profit in four years as chip business improves

Samsung Electronics is estimated to reach its best Q2 profit in four years. The South Korean firm has estimated its operating profit to stand at KRW 14 trillion (around $11 billion) for the April 2022 – June 2022 period. The profit is up by 11.38% compared to last year, according to the survey by Yonhap Infomax, […]

  • By Sagar Naresh
  • 3 months ago

Samsung’s Q1 2022 profit jumps 51%, thanks to strong chip and smartphone sales

Earlier this month, Samsung had posted its revenue estimates for Q1 2022. Today, the company published actual earnings for the first quarter of the year, and the results have been nothing short of amazing. The company’s revenue rose 18%, while the operating profit jumped 51% compared to Q1 2021. Samsung revealed that its revenue during […]

  • By Asif Iqbal Shaik
  • 5 months ago

Samsung likely to post 50% higher operating profit for Q1 2022

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor chip and smartphone sales, the South Korean tech giant expects to post its highest Q1 earnings since 2018. In its earnings guidance, the company said that it expects its revenue to reach up to KRW 78 trillion (around $64 billion) […]

  • By Asif Iqbal Shaik
  • 6 months ago

Samsung SDI profit rises 14.6% as EV car sales increase worldwide

Earlier today, Samsung Electronics unveiled its Q4 2021 earnings. Now, Samsung SDI, the South Korean tech giant’s battery-making arm, has published its quarterly results. The company’s net profit increased by 14.6% compared to Q4 2020, thanks to solid electric vehicle sales across the world. Samsung SDI’s Q4 2021 sales increased to KRW 3.81 trillion (around […]

  • By Asif Iqbal Shaik
  • 8 months ago

Samsung’s Q4 2021 profit reaches four-year high, thanks to strong chip demand

A few days ago, Samsung had revealed its earnings estimates for the fourth quarter of 2021. Earlier today, the company published its final earnings report. Thanks to solid semiconductor chip sales and slightly higher smartphone sales, the South Korean firm’s operating profit reached a four-year Q4 high. Samsung Electronics‘ Q4 2021 revenue reached KRW 76.57 […]

  • By Asif Iqbal Shaik
  • 8 months ago