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RSS FeedsSamsung posts record profits in Q1 2017 even as phone sales decline
(Android Central)

 
 

27 april 2017 07:07:54

 
Samsung posts record profits in Q1 2017 even as phone sales decline
(Android Central)
 


Increased sales in the semiconductor business lead to Samsung`s second-most profitable quarter. Samsung has published its earnings results for the quarter ending in March 2017, and as it forecast a few weeks ago, Q1 2017 was very profitable for the company. Operating profit saw a massive year-on-year increase of 48% to $8.8 billion (9.9 trillion won), leading to Samsung`s second-most profitable quarter ever and best-ever first quarter. Net profit at $6.8 billion (7.68 trillion won) was also up 46% from the same period a year ago. Although profits increased significantly, overall revenue at $44.7 billion (50.55 trillion won) was a slight increase from Q1 2016`s $44.01 billion (49.78 trillion won). Sales from the mobile unit declined, with the business posting an operating profit of $1.8 billion (2.07 trillion won), down 47% from the $3.4 billion (3.89 trillion won) it netted a year ago. With the termination of the Note 7, Samsung had to rely on the Galaxy S7 for longer than inten...


 
13 viewsCategory: Technology > Mobile > Android
 
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