Samsung posts its second-best quarter ever, promises a new flagship release in late 2017


Today, Samsung Electronics has released its quarterly earnings report for Q1 2017, and it's looking pretty good: the company has posted profits of 9.9 trillion won ($8.7 billion) across all of its businesses. However, profits from its mobile division have actually fallen compared to those in Q4 2016, despite an increase of device shipments.

Or in other words: Samsung sold more phones, but earned less money from them. The fault, interestingly, may lie in consumers' great interest in the Galaxy S8, which launched just last week. To accommodate for it, the company had to slash prices of its last (non-recalled) flagship, the Galaxy S7, but even with such measures sales of the device slowed down, presumably because people were waiting out for its successor's release. However, sales of its more affordable devices increased, and as a result overall device shipments saw growth as well.

However, Q1 2017 was still the second-best quarter for the company ever, in large part thanks to increased sales in both the semiconductor and display departments. Previously, the company forecast profits of 10.1 trillion won, or $8.8 billion, which it nearly reached.

Curiously enough, the company also made an interesting promise: a new flagship launch in the second half of the year. For those who don't know, this is something of a standard procedure for Samsung, which releases its Galaxy S flagships in the spring, and its Note flagships in the fall. Or in other words, the much-rumored Note 8 is most probably real, and launching in a few months. This isn't that big of a news, considering Samsung previously promised it won't discontinue the Note line despite the Galaxy Note 7's fiery problems, but it's nice to see a more official confirmation as well.

source: Samsung via SamMobile

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14 Comments

2. Unordinary unregistered

See: sinking MOBILE sector. Keyword: "ELECTRONICS". Nice job selling all them TVs and monitors and s**t though. You sold me my favorite comp monitor ever and I still have it 8 years laters - going strong.

5. Djz89

Posts: 443; Member since: Aug 25, 2014

this year samsung "qled" tv are really bad, atleast the q7 series, and high priced. Ane they haveused glue instead of srews so the rear panel disconects after just a few hours of use, if you bought a qled tv from samsung this year, you have been ROBBED, all other brands have way,way better tvs to a way better price...

15. sgtdisturbed47

Posts: 966; Member since: Feb 02, 2012

I still prefer Vizio and their full-array backlight with local dimming. No clouding in dark scenes like Samsung televisions always have. Samsung televisions are overpriced for the image quality.

3. omnitech

Posts: 1131; Member since: Sep 28, 2016

They really should rename the Note line. I still think the Note 7 fiasco can still hurt their somewhat strong GS8 sales by reminding consumers buying a GS8 might pose a risk. I say call it the GS8 Pro and be done with it.

8. RoboticEngi

Posts: 1251; Member since: Dec 03, 2014

The pre orders in Korea went up 30% from S7 to S8. Does that indicate that consumers are worried?

9. keithtae

Posts: 564; Member since: Mar 25, 2015

Nope, ill still be getting a note 8,and i have friends in malaysia still have their note 7s with them.

4. ShadowSnypa786

Posts: 574; Member since: Jan 06, 2017

The S8 has just come out in the last week so im more interested to see the next quarter sales where hopefully they will have one of the best ever because I know alot of people who have the S8 models and some who are waiting to buy one. There is alot of hype behind the phone and rightly so. Fingers crossed they do very well so companies realise sometimes you have to take risks and add new tech and make pretty much nearly the perfect phone.

6. NewroticSlob

Posts: 182; Member since: May 09, 2013

They missed their projection?!? SELL!!! :)

7. haruken

Posts: 306; Member since: Nov 06, 2013

Another day another win for Samsung. Poor iPhonearena

11. piyath

Posts: 2445; Member since: Mar 23, 2012

Not for long Samsung... Apple is preparing a component manufacturing army which will be ready within next 2-3 years. After that Samsung Will have a hard time....lol

12. Bankz

Posts: 2545; Member since: Apr 08, 2016

As usual..

14. Youngquenga41

Posts: 82; Member since: Apr 03, 2017

Yea ok.

16. iushnt

Posts: 3105; Member since: Feb 06, 2013

Hearing the same s**t many times..

17. tedkord

Posts: 17357; Member since: Jun 17, 2009

And, when Samsung is still killing it then, you'll come out with another asinine prediction of their demise. But, your deep rooted pain will never go away.

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