Samsung reports earnings jump by nearly 50 percent in the first quarter

published its forecast for the first fiscal quarter of 2017 Samsung . The Korean company currently anticipates an operating profit of 9.9 trillion won (8.2 billion euros). That would correspond to an increase of 48.2 percent over the previous year. It would also be the second-highest quarterly net profit in the company’s history.

 Samsung (image: Samsung) also Samsung between January and March 2017 will have revenues of $ 50 trillion won (41.4 billion euros). Should apply to this forecast, would stagnate the revenue compared to the same quarter last year.

which is to cell division, reach an operational profit of about 2 trillion won despite the Galaxy note-7 debacle. For that, analysts in South Korea after the Galaxy-S7 series blame a continued high demand. They also estimate that the display Division thanks to good LCD sales in China will contribute around one trillion won to consolidated net profit.

the parte of the chips is to make the greatest contribution to the quarterly profit, however, with more than 6 trillion won. Above all DRAM and NAND Flash chips for smart phones enjoy thus a high demand. The complete balance sheet presents the Korean company at the end of the month.

the profit estimate by Samsung exceeds expectations of 18 analysts Thomson Reuters has consulted in the course of the week. Go from a profit of 9.4 trillion won. In the second quarter of 2013 set win record is to be broken finally by 10.2 trillion won. For the months of April to June, the analysts predict a profit of 11.9 trillion won.

in addition, they include the assessment of the head of Samsung’s Mobile Division to, expected that the Galaxy S8 will achieve higher sales figures in the first year than its predecessor Galaxy S7. “We believe that the S8 series will definitely be a strong flagship for Samsung and will help to win back market share,” said therefore the counter point analyst Tom Kang. The completely redesigned iPhone 8 case although a risk for Samsung, which rated 7 in the past year have deletion of the Galaxy but also to a shift of in demand for Samsung smartphones. “These two factors balance out.”


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