After a downturn in Q2, Samsung is once again back to shattering profit records.
Samsung is on track to beat the $14.6 billion in profits it netted in Q1 2018. In its Q3 2018 earnings guidance, Samsung is forecasting an operating profit of $15.5 billion (17.5 trillion won) on the back of revenues of $57.5 billion (65 trillion won).
That’s a 20% uptick from the $12.8 billion it recorded in profit during the same period last year, and 6% more than Q1 2018. The launch of the Note 9 wouldn’t have hurt the bottom line, but we’ll have to wait until the last week of October to get a detailed breakdown of where the profits came from.
For now, it’s safe to say that Samsung’s chip business is a key growth driver — as it has been for a few quarters now.
October 4, 2018 at 07:02PM