Thanks to the Samsung Galaxy S8/S8+ Samsung expects a record breaking Q2

A report sent to clients by IBK Securities says that the Samsung Galaxy S8 and Samsung Galaxy S8+ will help the manufacturer set a new record for second quarter operating profits. After taking a big hit last year when the Samsung Galaxy Note 7 was pulled off the market after a pair of recalls, this could be a very profitable rebound for Samsung and its investors. The previous record was set during the third quarter of 2013. Back then, Samsung reported operating profits of $9.2 billion USD thanks to the launch of the red hot Samsung Galaxy S4.

This year, IBK sees Samsung producing a 49% gain in year-over-year second quarter operating profit to a record $11 billion USD. The reason? Strong sales of the just unveiled Samsung Galaxy S8/S8+. For the already completed first quarter, the securities house sees Sammy turning in an operating profit equal to $8.9 billion USD. Preliminary first quarter results will be announced on April 7th.

Samsung will also profit from strong sales of OLED panels. Apple reportedly plans on using OLED on its 10th anniversary iPhone 8 model this year, and on all of its iPhone handsets thereafter. Yesterday, we told you that Samsung will deliver 70 million to 95 million OLED panels to Apple this year. Semiconductors will also contribute greatly to the black ink. This group is expected to be responsible for the equivalent of $5.5 billion USD in operating profits during the first quarter and $8.25 billion USD in operating profits is forecast for the current quarter.

In his note to clients, IBK analyst Lee Seung-woo said that for the entire year, Samsung's operating profits will rise by 69% on a 14% increase in its top line. With one analyst computing that 95% of the chips inside the new flagship phones are home-grown, a large percentage of Galaxy S8/S8+ sales will be going straight to the company's bottom line.

Samsung will launch the Galaxy S8 and Galaxy S8+ on April 21st with twice the inventory it stocked for last year's release of the Samsung Galaxy S7 and Samsung Galaxy S7 edge.

source: ZDNet

Related phones

Galaxy S8
  • Display 5.8 inches
    2960 x 1440 pixels
  • Camera 12 MP (Single camera)
    8 MP front
  • Hardware Qualcomm Snapdragon 835, 4GB RAM
  • Storage 64GB, microSDXC
  • Battery 3000 mAh
  • OS Android 9.0 Pie
    Samsung One UI
Galaxy S8+
  • Display 6.2 inches
    2960 x 1440 pixels
  • Camera 12 MP (Single camera)
    8 MP front
  • Hardware Qualcomm Snapdragon 835, 4GB RAM
  • Storage 64GB, microSDXC
  • Battery 3500 mAh
  • OS Android 9.0 Pie
    Samsung One UI

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57 Comments

80. PSAfromThisGuy

Posts: 146; Member since: Jan 16, 2017

I think the thanks actually goes to parents having soo many kids and giving their kids anything and everything they want.... spoiled little brats :'D I never had nothing fancy like kids nowadays do... I had to work hard for each and every penny... anyways, Samsung thanks the parents very graciously

70. zebraman

Posts: 68; Member since: Sep 11, 2013

I just pre ordered the s8 it's finally time to upgrade my s5.

64. xfire99

Posts: 1207; Member since: Mar 14, 2012

Unless all countries get same promtions deal as in US. Many wont care to buy S8/S8+. US get free GearVR and 99$ AKG headphone + 256GB MicroSD. What does others countries get for promotions deal?

69. Tech_fan

Posts: 94; Member since: Mar 28, 2017

hope in my country samsung offer these deals.

60. Spedez

Posts: 542; Member since: Aug 29, 2014

They can always wish. Their phones burn more frequently than Teslas.

49. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Patiently waiting for the even more awesome Note 8, better not screw this one up Sammy....

47. darkkjedii

Posts: 31800; Member since: Feb 05, 2011

Im leaving mine set to 1080p. It'll never see QHD.

59. ShadowSnypa786

Posts: 663; Member since: Jan 06, 2017

All you going to save is resources for the GPU nothing else, maybe if you play a 3D heavy game you get a few extra frames. Battery life will stay the same.

74. darkkjedii

Posts: 31800; Member since: Feb 05, 2011

Then there's no reason to raise the rez.

44. lightyears

Posts: 69; Member since: Aug 24, 2015

SAMSUNG rocks. Is there anyone who can compete with samsung in technology today?

40. darkkjedii

Posts: 31800; Member since: Feb 05, 2011

The only thing I found funny with Bixby (could just be the demo unit), is that the button that activates it, doesn't deactivate it. I had to use the back key each time. I found that to be odd, but it was a demo unit. I need that device in my life. I sold my S7 Edge and am using my gear s3 with my iPhone. It works welll, but Apple being Apple, placed a few irritating restrictions on it. My S8 Plus ships on the 19th. Can't wait.

68. Tech_fan

Posts: 94; Member since: Mar 28, 2017

good job dude!

36. darkkjedii

Posts: 31800; Member since: Feb 05, 2011

@NoToFanboys. I just spent a little over an hour playing with it and the S8 Jr, due to the long wait in AT&T, and man ohhhhhh man those phones are nice. The UI of the Plus blows away anything I've ever used (including the Note 7). It's friggin beautiful, fast, smooth, but a windows phone smooth vs a usual Samsung jerky smooth. It's extra comfortable in the hand, deceptively big, and so many features it doesn't even make sense. Bixby, has the potential to kill everything not named Google asst. I'm not gonna lie bro, I pre ordered the orchard gray, I couldn't help it. It's one helluva phone, and it has a lot of the Notes S-Pen features included without the need for an S-Pen. Smart select, oval, rectangle, and gif capture are all there. I can't wait to get mine.

43. sissy246

Posts: 7129; Member since: Mar 04, 2015

Damn, you make me not want to wait for the note 8. I know if this had of sucked you would have said so. Damn it, lol

46. darkkjedii

Posts: 31800; Member since: Feb 05, 2011

Sissy, you know how brutally honest I am lol. I don't care who it pisses off, I'm gonna call it like I see it, and I see the S8 making people forget about the Note 7 issue. It's outstanding, and that was a demo unit with pre production software installed. Try it out, and see how you like it.

48. sissy246

Posts: 7129; Member since: Mar 04, 2015

Yes you are. I am heading to Best Buy tomorrow.

52. darkkjedii

Posts: 31800; Member since: Feb 05, 2011

Smart move, you'll be impressed. As a Note fan, this one will pacify my, like I said several S-Pen features are installed.

67. Tech_fan

Posts: 94; Member since: Mar 28, 2017

i belive you i think its time for me to say bye to my S6.. waiting for Orchid S8.

66. Tech_fan

Posts: 94; Member since: Mar 28, 2017

darkkjedii what about speaker? is it single one?

75. darkkjedii

Posts: 31800; Member since: Feb 05, 2011

To the best of my knowledge it is. I honestly didn't check, but it didn't seem to be stereo. It was loud and crisp for a cellphone speaker though.

33. MadManG2015

Posts: 9; Member since: Nov 14, 2015

Talk about revolutionary!

31. jeroome86

Posts: 2314; Member since: Apr 12, 2012

This article has made someone super happy. Not even the jaws of life could remove the air tight seal of his lips and Samsung's shaft.

30. Jilsen

Posts: 4; Member since: Mar 05, 2017

I can't wait to get my hands on this bad boy, i haven't seen anything like it before. It's perfect.

28. ElenaSandy

Posts: 12; Member since: Nov 20, 2015

It will take a while for his phone to be surpassed

62. Spedez

Posts: 542; Member since: Aug 29, 2014

Yes, right up to iPhone 8 release.

79. SupermanayrB

Posts: 1188; Member since: Mar 20, 2012

You're right, but only based on the 5 month gap between the launch of the phones and the popularity of people buying an iPhone simply because it's an iPhone.

27. SupermanayrB

Posts: 1188; Member since: Mar 20, 2012

Man I miss the old Phone Arena from 2012 & 2013. Now I just read the article, look at the first few comments & then move along. Too much trolling. #engadget2.0

29. EnriquePal

Posts: 6; Member since: Mar 05, 2017

You are a troll

57. kiko007

Posts: 7525; Member since: Feb 17, 2016

Such a well thought out comeback.../s

78. SupermanayrB

Posts: 1188; Member since: Mar 20, 2012

The sad thing is that for imbeciles actually upvoted his comment.

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