Samsung to report record operating profits for the first quarter

Samsung to report record operating profits for the first quarter
Samsung has delivered three straight quarters with record earnings (Q2, Q3 and Q4 of 2017). According to Samsung, the company was able to continue its strong performance during the first quarter of 2018, which includes the first three months of the year. Friday morning (still Thursday in the states), the manufacturer said that it will report a record operating profit for any quarter in company history.

The company said that it expects to report an operating profit of 15.6 trillion South Korean won ($14.7 billion USD) for the first three months of the year. That would be a 9.9% increase from the 9.9 trillion won ($9.3 billion USD) that Samsung reported for the first quarter of 2017. It also would top the estimate of 14.5 trillion won in operating profit and revenue of 61.5 trillion won that Wall Street analysts forecast for the first quarter of 2018. Samsung will report its official first quarter earnings some time later this month.

Samsung might have trouble keeping up its string of record quarterly results when it reports its profits for the current period which runs through June. That's because it released its new flagship phones, the Samsung Galaxy S9 and Samsung Galaxy S9+ this year in March. That means that initial sales for these handsets were credited to the first quarter. Last year's flagship models launched in April, which helped the manufacturer report a record second quarter 2017 operating profit. Thanks to the earlier release of its flagship phones this year, Samsung will have a hard time achieving higher year-over-year profits for Q2.

Investors are not celebrating the announcement. Samsung's shares are trading in Korea at 2,204 won ($2.26 USD), down 1.3% on Friday morning.

source: WSJ

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26 Comments

2. HKies

Posts: 24; Member since: Apr 12, 2017

When nokia releases its Nokia 9 to the market then its going to beat Apple and samsung and going to be the first in terms money rich company. HAHAHAHAHAHA

11. iushnt

Posts: 3122; Member since: Feb 06, 2013

You have no idea what you are saying..

20. worldpeace

Posts: 3135; Member since: Apr 15, 2016

What did you expect from nokia fanboy?

3. Sunbae-min

Posts: 135; Member since: Mar 25, 2018

According to anti-Samsung trolls, "Galaxy line products sale was declining sharply, Samsung would lose its top spot to Huawei, .... " Yet Samsung still keep making big profit every quarter. They seriously need a lake to hold up their salty tears. Lol

7. Xperia_droid

Posts: 42; Member since: Nov 07, 2013

Even if sales are declining, they are earning more profit per sale of phone.

9. Sunbae-min

Posts: 135; Member since: Mar 25, 2018

But much better than Sony's poor sale even with its low price trick.

26. Nimbus

Posts: 442; Member since: Apr 02, 2018

Sony is making pro decent profit rise in mobile business than LG declining profit since G3 line.Lg hardly made any profit on their Lgv30 product line.Sony made some profit from xz premium and xz1 xz1 compact.

10. Sunbae-min

Posts: 135; Member since: Mar 25, 2018

But much better than Sony's poor sale even with its low price trick.

23. fuccbois

Posts: 4; Member since: May 10, 2017

Yeah, because Sony doesn't advertise their products, and as you said, Samsung's sale is much better, because of their extravagant advertising. LOL. I even encountered Samsung Ads on pornsites.

5. airoid

Posts: 129; Member since: Dec 13, 2016

Sammy is on the roll, congratulation!

13. Venom

Posts: 3690; Member since: Dec 14, 2017

Record profits is sure to attract some attention from other companies, particularly patent trolls swimming the waters like sharks ready to litigate. Wonder how long it will be before blackberry or Oracle tries to sue Samsung for another generic patent to get a piece of that pie.

21. docdevices

Posts: 87; Member since: Oct 10, 2016

There is only one fruit-based company that Samsung has ever had to be concerned with when referring to the terms “patent trolls”, “sharks”, litigation” and “generic”, and it isn’t BlackBerry.

28. Venom

Posts: 3690; Member since: Dec 14, 2017

Yeah I'm not sure what you are getting at with the fruit based company dig, but all you have to do is do a Google search for "blackberry is a patent troll" and you will have all the proof you need. Don't try to follow the heard.

31. docdevices

Posts: 87; Member since: Oct 10, 2016

You are obviously mistaken. One needs only to do a Google search for “Fruit based tech company that is a patent troll” and the true patent troll of the smartphone industry will appear, and it is not BlackBerry. Try and differentiate from the other trolls and your former accounts. What you are doing is very telling, indeed.

33. Venom

Posts: 3690; Member since: Dec 14, 2017

You are one to talk. I don't even need a seer to rat you out. The fact that you said "fruit company" and the way you worded your comment is enough to show that you are the one who is guilty. I've already shown you how blackberry is guilty of patent trolling. So what you are doing is very much telling.

34. docdevices

Posts: 87; Member since: Oct 10, 2016

Guilty parties such as yourself often project their ways onto others in an effort to deflect from the actual truth. What you are doing is no different. Unless you are privy to some inside information or are posting some finding from a judge, there is nothing that you can post here that would prove BlackBerry is guilty of patent trolling. All you have done since creating this new account is attack BlackBerry. Why, they aren’t even mentioned in this very article, and here you are attacking them. This is something you’ve done in all of your “incarnations”. Very telling, indeed.

36. Venom

Posts: 3690; Member since: Dec 14, 2017

You would know about projection and being guilty. The actual truth is that you are guilty of being a puppet account. It's fairly obvious with you thumbing yourself up and all. So going after three different platforms in the past three months isn't patent trolling? I don't have to be a judge or someone with inside Intel. I just have to be someone with eyes and common sense. The fact that blackberry is suing for some vague patent is proof that they are patent trolling. I'm not attacking them at all. Everything that I have said can be proven. Like I said before, I'm not the one who is giving myself a bunch of thumbs up on the side.

37. docdevices

Posts: 87; Member since: Oct 10, 2016

I would only know about projection and being guilty from observing you. It is most obvious that you are just a number in a rather long list of accounts that are all being operated by the same one individual. The only reason that you do not have anyone “thumbing up” your comments is because all except for this one have been banned for the same thing that you are doing now. As I have already stated, Unless you are privy to some inside information or are posting some finding from a judge, (of which you are doing neither), there is nothing that you can post here that would prove BlackBerry is guilty. You are indeed attacking them, as you have continuously done for years. BlackBerry isn’t even mentioned in this article, yet here you are bringing them up as if they were and attacking them. You haven’t the slightest bit of proof, as you are not a judge, or a lawyer that is involved in this case, nor are you privy to inside information. Like I previously mentioned, you are projecting your guilt onto me, hence why you would think that I would stoop to your level and have a plethora of troll accounts thumbing myself up.

38. Venom

Posts: 3690; Member since: Dec 14, 2017

So you admit to thumbing up your multiple accounts? Man you're not fooling anyone. I know exactly who you are, meanestgenius. You are too predictable. And you haven't proved that blackberry is innocent and totally justified in being a patent bully for a very vague patent. I've only been here for a few months. Nice try. You are projecting in that you want me to stoop to your level, but I'm not. You haven't convinced me at all that you aren't a fake account. As for me attacking blackberry, it's not an attack. It's just a fact that blackberry has become a patent bully. I don't see why my comments are so important to you that you have to pick a fight and give yourself a thumbs up.

39. docdevices

Posts: 87; Member since: Oct 10, 2016

The mere fact that you think I’m someone who I’m not shows two things. #1: You are projecting your multiple account troll ways onto me. There is not one person that you have encountered here that does not know that you are really mxyzptlk. As well as Flash, Wario’s one and two, Spigen, Tony_Stark, and a plethora of other now-banned accounts. You are truly competing with Arte8800 for the prestigious honor of “most accounts on PA in one year”. I do believe that you have had a psychotic break due to your many defeats in your various accounts that you now project your ways onto others, including thinking I need to “thumb up” my own comments. I am not you, therefore, I have no need to do that. I do not live on this site like you do, creating a plethora accounts just to remain here. That is you. #2: Meanestgenius obviously occupies your every waking thought. He is not here. This is between you and I. Yet, here you are, mentioning his name. He has been correct every time that he has said that he “occupies much space in your head that he needs to start paying rent.” However, I can understand why you are so enthralled with him. It is because of him, after all, that you are on account #10. You made the claim of BlackBerry not being innocent. The way the judicial system works here is that one is innocent until proven guilty. You have provided zero evidence that proves BlackBerry is guilty. You have, however, proven how much of a troll that you are in mentioning them here in an article that has nothing to do with them. You may think you are fooling someone with your denial of you who you are, but you only fool yourself. There is not one person that you have encountered that doesn’t in fact know who you really are. You give yourself away every time you create a new account by attacking the same companies and individuals over and over again. You should, quite frankly, be embarrassed that you have stooped to such pathetic levels as to actually have so many banned accounts here. Have you no shame? No self respect? Apparently not. I would say that I do not know why you have such hatred for BlackBerry that you would create account after account to attack them and anyone that supports them, but I would be lying if I did so. You already mentioned, in one of your previous identities, that you have a problem with BlackBerry because Meanestgenius likes them.

15. CreeDiddy

Posts: 2243; Member since: Nov 04, 2011

Notice the article didn’t say Samsung Mobile division? Samsung Semiconductor owns a majority of the revenue and profit margin. It will all come out as we have to wait and see...

25. cmdacos

Posts: 4256; Member since: Nov 01, 2016

Yep, that's why good companies diversify their revenue.

27. pendragon0202

Posts: 164; Member since: Feb 23, 2015

Samsung IM (mobile div.) counts about 3.1 billion USD profit out of total 15 Billion quarterly profit. Not too shabby.

22. Medoogalaxy

Posts: 232; Member since: May 25, 2017

To know Samsung is the most tech company to pay for R&D

32. USuck

Posts: 76; Member since: Apr 07, 2018

NOT Samsung IM, but Samsung Semiconductor. I don't see how it's relevant on this site.

35. deleon629

Posts: 466; Member since: Oct 04, 2014

I call bs on this article, but a good bs... Reason is because I think they're exaggerating the s9/s9+ sales, yet being VERY modest and discreet about their cut of the Apple iPhone 8/X profits (I.e., Samsung Frankenstein phones) for this past fiscal year.

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