Samsung’s Chips & Phones Contribute To Strong Q1 Earnings
Samsung’s chips and phones have contributed to strong Q1 earnings according to the company’s latest results. For the first quarter period of the year which ended in March, Samsung has recorded an excellent quarterly operating profit of 9.9 trillion won which is about $8.75 Billion USD. Samsung states that this is their highest quarterly profit since 2013 and that they expect this momentum to continue in the remaining quarters for the year. Much of the second quarter’s profit is likely to come from the pre-orders pre-order is an order placed for an item which has not yet been released and sales of Samsung’s flagship Galaxy S8 and Galaxy S8 Plus, both of which are already doing better than analysts have expected, though the Galaxy S8 Plus is already believed to outpace the slightly smaller Galaxy S8.
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