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Samsung predicts record profits for second straight quarter

Samsung Electronics’ earnings steering for the third quarter of 2017 is out, and it’s wanting like one other document for the Korean large. The corporate expects to have made round 14.5 trillion received (~$12.eight billion) in working revenue off 62 trillion received (~$54.7 billion) in income; last quarter it made 14.1 trillion received, its highest ever quarterly determine.

The earnings would symbolize a year-on-year income improve of roughly 28 p.c and an enormous working revenue leap of greater than 170 p.c. After all, Samsung took a significant hit a year ago from the Galaxy Be aware 7 recall debacle, however right now’s figures — and the well-received Galaxy Note 8 — counsel the corporate is basically out of these woods. Samsung will problem extra monetary particulars with its full earnings report later this month.

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