Samsung forecasts its best quarter in four years, to haul in $8.8 billion in profits


After much uncertainty how would Samsung do in the second quarter that the Note 7 wasn't on sale, and only running on Galaxy S7 and S7 edge fumes, the ballyhooed analyst predictions turned out true in the end. Samsung itself just chipped in to release its earnings guidance for the first quarter of the year, and it seems that it will break a record again, thanks to stellar performance of its chip businesses.

Samsung is forecasting operating profit of no less than $8.8 billion for the January-March period, which would be its best quarter in four years. We'll now have to wait for the actual detailed numbers in a week or two, where Samsung will break down its Q1 2017 performance by categories, so that we could take a long and hard look at the mobile division. 

The exact range that Samsung forecasts is 9.8 - 10 trillion ($8.8 billion) Korean won of operating profit on 49 - 51 trillion won ($44.9 billion) in sales, and, if history is any indication, it will be right in the ballpark.

source: Samsung
Loading Comments...
FCC OKs Cingular\'s purchase of AT&T Wireless