Samsung predicts record Q1 2017 earnings despite Note 7By Robin-Leigh Chetty 7 April 2017 | Categories: news
Samsung has released its earnings guidance for Q1 2017, and it appears as if everything is coming up roses for the South Korean manufacturer. One might have thought Q1 of this year would have been negatively affected by the Galaxy Note 7 battery fiasco, not to mention the recent corruption issues surrounding its top level execs.
It turns out to be quite the contrary in fact, with Samsung predicting an operating profit of 9.9 trillion won, or $8.7 billion if you're unfamiliar with South Korea's national currency. If it does breach that mark, it would surpass a total of 6.68 trillion won set in Q3 2013. It would also be a 50% increase on last year's figure too.
Things are only set to get better for Samsung though, as the Galaxy S8 and S8+ are yet to be released into the retail space, and given the devices strong reception following their unveiling, consumers will likely be baying for them.
A precise date has not been detailed, but Samsung plans to release a full report of its Q1 2017 results in a couple of weeks.
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