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Last updated: July 7th, 2017 at 07:56 UTC+02:00
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This could be Samsung's best ever quarterly profit. Compared to the previous quarter, the company's sales increased by around 18%, and the operating profit rose by a whopping 41%. Analysts say that the numbers got a boost due to the well-received Galaxy S8 and S8+ as well as increased sales of memory chips, processors, and display panels. This means that the South Korean electronics giant will continue the record-breaking performance from last quarter. The company is further investing to improve sales of its memory and storage chips, processors, and OLED display panels. The chip business is predicted to be more than half of the operating profit.
(in trillion won) | 2017. 2Q | 2017. 1Q | 2016. 2Q |
Sales | 60 | 50.55 | 50.94 |
Operating Profit | 14 | 9.90 | 8.14 |
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
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