Samsung posts its second-best quarter ever, promises a new flagship release in late 2017
by Kaloyan C. / Apr 27, 2017, 2:29 AM
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.
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.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
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.
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.
posted on Apr 27, 2017, 2:37 AM 2
Posts: 440; 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...
posted on Apr 27, 2017, 3:25 AM 3
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.
posted on Apr 27, 2017, 2:40 AM 0
Posts: 492; 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.
posted on Apr 27, 2017, 2:46 AM 1
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
posted on Apr 27, 2017, 5:39 AM 0
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