Business

Samsung Q1 2018 guidance includes all time record profit

Back in January, Samsung wrapped up its record-breaking Q4 2017. Three months later, the Korean company is expecting to post even higher numbers, according to its earning guidance, released today.

Samsung Electronics should rake in KRW60 trillion in consolidated sales (about $56.1 billion) and KRW15.6 trillion in operating profit (which translates into around $14.6 billion), an all-time high. For comparison, Q1 2017 profit was merely KRW9.9 trillion or about 57% less.

(in trillion KRW)
Q1 2018 (expected)
Q4 2017
Q1 2017
Sales
61
65.98
50.55
Operating profit
15.6
15.15
9.9

The record profits are due to the new Galaxy S9 duo, the new Galaxy A8 (2018) smartphones, the thriving DRAM chip market and its OLED panel sales. According to previous reports, Samsung has 70% profit of all sold memory chips.

Detailed results are usually posted in the last Friday of the month, following the quarter, so we have to wait three more weeks for the detailed results by division.

Source