Q2 2017 could be Samsung's best quarter in its history
The second quarter of 2017 could be Samsung's best in its history.
Q1 2017 is Samsung's biggest quarterly net profit since 2013, but that would change soon.
In its latest earnings guidance for Q2 2017, Samsung is projected to have consolidated sales of 60 trillion Korean won (US$52 billion) and consolidated operating profit of 14 trillion Korean won (US$12.1 billion). If estimates are right, Q2 2017 is the best in the company's history with revenue increased 18% year-on-year and profits up by 72%.
It is likely that Samsung's component businesses - displays and memory chips - and its mobile business are the major drivers. Positive sales of the Galaxy S8 and S8+ smartphones could also be another contributing factor.
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