Business News

Samsung Could Net the Most Quarterly Profit in Company History Soon

Samsung’s Q2 2017 results are coming later this month, and the company has released earnings guidance to give everyone an idea of how they believe they’ve performed over the last quarter. And surprisingly, it looks like Sammy is about to make company history.

According to their guidance, Samsung expects to net about 13.29 trillion Korean won (about $11.5 billion) profit out of 58.79 trillion Korean won (roughly $50.95 billion) in revenue. This would set a new record for the company who will have had the best quarter in their history. But this isn’t the end of the story.

As many have pointed out, Apple is expected to net $10.49 billion out of $44.9 billion in revenue. Therefore, Samsung will have made 63% more year-on-year when compared to the Cupertino company, marking the first time this will have happened. Obviously, Samsung’s recent efforts in terms of the Galaxy S8 and their device internals business have definitely helped to lead to this historic occurrence. But of course, we won’t know for sure whether any of this is true until Samsung formally announces their Q2 2017 results.

 

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Max Buondonno is a technology enthusiast who has been working as a journalist in this industry for more than two years. He has grown up in the age where everyone has a smartphone which has influenced his decision to become a professional technology writer, his passion in life. He's dipped his toes in the development of websites, while you can ask him anything about Apple, Google, or Microsoft and he's bound to give you an answer. He's reachable on Twitter, Facebook, Google+, LinkedIn, and email.

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