Samsung forecasts big jump in quarterly profit
Only before three months Samsung was forced to withdraw its newly released flagship Galaxy Note 7, but the financial apocalypse that many predicted would clearly not take place.
Updated forecasts for the last quarter of 2016, the company said it expects a profit of about $7.2 billion, which is almost 50% more than the $5.2 billion, which Samsung reported for the same period last year.
Initially, the manufacturer was also predicted profits but had to revise expectations after problems emerged with the Galaxy Note 7. The new forecast, however, shows that Samsung is on track to achieve its best quarterly profit in three years.
Analysts also commented that despite the removal of the ill-fated device, other phones like Samsung’s Galaxy S7 and S7 Edge perform well. This in turn is an indication that the new Galaxy S8 can also have good commercial debut.
From CNBC notice and another important data. If in 2013 for the record a major contribution was the mobile division, this quarter the difficult task is given to the business with memories and displays. Role play and the devaluation of the Korean won against the US dollar.
The withdraw of Note 7 might not have led to such a serious financial setback, but the company certainly has a lot to prove. And it probably will happen in less than two months when is the start of Mobile World Congress in Barcelona. We expect the launch of Galaxy S8 with great interest. Post from: GizBrainhttp://szlifestyle.com/sz/2017/01/06/samsung-forecasts-big-jump-quarterly-profit/https://i1.wp.com/szlifestyle.com/sz/wp-content/uploads/2017/01/Samsung.jpg?fit=719%2C286https://i1.wp.com/szlifestyle.com/sz/wp-content/uploads/2017/01/Samsung.jpg?resize=180%2C150SAMSUNGTECH NEWSGalaxy,Galaxy Note,Galaxy Note 7,Galaxy S7,Galaxy S7 Edge,Galaxy S8,Samsung,smartphoneOnly before three months Samsung was forced to withdraw its newly released flagship Galaxy Note 7, but the financial apocalypse that many predicted would clearly not take place. Updated forecasts for the last quarter of 2016, the company said it expects a profit of about $7.2 billion, which is almost...Jessy NiteJessy Nitejessy.firstname.lastname@example.orgContributorHi Jessy here I like to read and write about tech and gadgets let's have some fun here.szlifestyle.com Tech News, Life Style, Reviews, Videos!