Samsung made over $50 billion in sales this quarter

It seems those days are long gone when Samsung had to revise its quarterly earnings report to account for the losses due to the Note7 fiasco. According to the latest figures posted by the company, it has done quite well in its most recent quarter.

In its earnings guidance for Q1 2018, Samsung states that it made 60 trillion Korean won (~$54.6 billion) in sales, and that it forecasts operating profits of roughly 15.6 trillion Korean won (~$14.6 billion).

Although the sales figures are down from the 65.98 trillion won that the South Korean company (~$62 billion) reported in the previous quarter, they're still way more than the 50.55 trillion won (~$47.5 billion) that it made in the same quarter last year.

Meanwhile, the operating profit is at a record-high, above the 15.15 trillion won (~$14.2 billion) posted in the previous quarter and the 9.90 trillion won in Q1 2017 (~$9.4 billion).

Samsung's profit this quarter can be attributed to the decent sales of its Samsung Galaxy S9 handsets, and its blooming semiconductor business. It might have made even more profit if the iPhone X had sold as well as expected (Samsung manufactures the OLED display for the device), but we will likely learn more at this quarter's earnings conference call at April 26, 2018, 10AM KST.

Report a problem with article
1523019301_web-developer_nwd
Next Article

Become a Web Developer with the Complete Course bundle 2.0 for just $25

plex
Previous Article

Plex brings its virtual reality experience to Samsung Gear VR

6 Comments - Add comment

Advertisement