Samsung Has Predicted Its Highest Profits Ever
Profits are up 72% year on year.
Samsung believes that its performance in the second quarter of 2017 will lead to the best financial results in the company’s history. The South Korean tech firm made $12.1 billion USD in profit and $52 billion USD in overall revenue in the second section of the year. These results would mean that revenue was up by 18% year on year, while profit would have increased by a huge 72%, it would also break the profit record of around $8.8 billion USD set in 2013. The improved performance is said to be driven by the company’s display and components divisions.
Samsung is also expected to get a bump from the upcoming release of the Galaxy Note 8, which is supposed to be dropping in September.
