Samsung Q2 financial guidance points to highest ever profits

07 July 2017
Sales were KRW60 trillion ($52B), while operating profit reached KRW14.1 trillion ($12.2B).

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TechLover1, 07 Jul 2017Huge figures, well done to Samsung then. Well, so now they ... more Speaking of semi jokes: do know that I only am lightly teasing you from time to time. Which models do you care for?

    AnonD-1825, 07 Jul 2017"The earnings guidance is coming after record-smashing sale... more ;-)

      Maybe record profits will cause Samsung to release an S8 mini soon (with... don't hold your breath.. Android 8.0 preinstalled).

        LLL, 08 Jul 2017There is no comparison because Apple won't release first we... more"It's difficult to create significantly better sequel following a phenomenal product."

        This I can agree with. The GS7 series was already perfect in many ways (battery life, display, design, camera, connectivity, wireless charging, IP68 rating, etc). No phone is perfect, but the GS7 series was pretty close. Apart from the lack of USB-C and superb audio capabilities like other flagships of its time, I seriously don't know what can kind of upgrade Samsung could make on the GS8 to make it even better than their GS7. Nonetheless, i was still impress by the GS8 (The Infinity Display and Iris Scanner is my favourite feature), even it's a minor upgrade from the GS7.

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          • LLL
          • PA7
          • 08 Jul 2017

          Bebe Rexha, 07 Jul 2017Effect of making fantastic devices - Future models are gonn... moreThere is no comparison because Apple won't release first weekend sales numbers for iPhone 7. CMIIW
          Anyway, we need to factor in one non-technical thing that contributed to iPhone 4S (aka iPhone For Steve) sales numbers, that is of the demise of Steve Jobs just a day after the announcement date.

          I agree with your saying though. It's difficult to create significantly better sequel following a phenomenal product.

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            • AnonD-643330
            • gx@
            • 07 Jul 2017

            AnonD-682657, 07 Jul 2017Ofcourse there is record and even in India most people opt ... moreWe must change samsung name to kingsung

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              • AnonD-682657
              • D0e
              • 07 Jul 2017

              AnonD-1825, 07 Jul 2017"The earnings guidance is coming after record-smashing sale... moreOfcourse there is record and even in India most people opt for S8 in HIGH RANGE Device.Damn I love infinity display but I don't have S8, I only saw my Boss had it

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                • AnonD-558092
                • r7b
                • 07 Jul 2017

                People want to buy something that is new and fairly cool-looking. The S8 met those two criterias easily. Add this to the high S8 price and you get some juicy profit.

                Off course, most of their profit also comes from their memory businesses, with RAM and SSDs.

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                  • AnonD-1825
                  • p7d
                  • 07 Jul 2017

                  VasiliS7edge, 07 Jul 2017The S8 sales are twice as many as the S7 except USA This is 100% false :D

                  Think it for a second

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                    • AnonD-388534
                    • gM$
                    • 07 Jul 2017

                    giant earning giant

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                      • VasiliS7edge
                      • iAE
                      • 07 Jul 2017

                      AnonD-1825, 07 Jul 2017"The earnings guidance is coming after record-smashing sale... moreThe S8 sales are twice as many as the S7 except USA

                        Huge figures, well done to Samsung then. Well, so now they can invest even more in the Note 8 haha (semi joke, and because in a way it's true).

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                          • Anonymous
                          • 0wY
                          • 07 Jul 2017

                          Well done. Nice to see others than the traditionals make money. Hope the high numbers are not due to penny pinching the workers.

                            Effect of making fantastic devices - Future models are gonna be irrelevant unless it brings another ground breaking function.

                            S7 twins are still great choices and the S8 twins are just some minor improvements.

                            You don't believe me? Compare the iPhone 4s's sales to iPhone 7.

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                              • Anonymous
                              • tZ0
                              • 07 Jul 2017

                              Analysis also estimates that Samsung could post a higher quarterly profit than Apple for the first time, making it the most profitable company in the world.

                              sammobile(dot)com/2017/07/07/samsung-announces-earnings-guidance-for-q2-2017-could-be-its-best-ever-quarterly-profit

                              Now that is truly outstanding.

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                                • Anonymous
                                • tZ0
                                • 07 Jul 2017

                                Analysis also estimates that Samsung could post a higher quarterly profit than Apple for the first time, making it the most profitable company in the world.

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                                  • AnonD-1825
                                  • 3pF
                                  • 07 Jul 2017

                                  "The earnings guidance is coming after record-smashing sales of the Galaxy S8 and the Galaxy S8+"

                                  There hasn't been any record sales, actually if you look numbers from last year their phone business is down almost one billion. And lets not forget S8 came to stores one month later and they still couldn't beat last year results when S7 sales peak was already over in q2

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