Samsung has released its quarter one earnings to the quarter which ended on the 31st of March 2017 and the company has seen an increase in profit.
Samsung had earnings of 50.55 trillion, an increase of KRW 0.77 trillion over the previous year and an operating profit of 9.90 trillion, an increase of KRW 3.22 trillion over the previous year.
Looking ahead to the second quarter, the company expects to achieve growth on the back of continued robust memory performance together with improved earnings from the mobile business following the global rollout of the Galaxy S8 and S8+.
For the components businesses, semiconductor earnings growth is expected to continue. This will be driven by solid demand for high-density DRAM and SSDs in the server market, increased shipments of 10nm AP, and sustained strong demand for image sensors and DDI.
Samsung has said that profits were driven by its components business and also its memory business, it appears that the problems with the Galaxy Note 7 has not affected the company’s probability.
You can find out more details about Samsung’s quarter one earnings over at the company’s website at the link below.
Source Samsung
Filed Under: Technology News