Mobile

Samsung predicts record-breaking profit of $12.8 billion

Yes, we all heard it, Samsung’s CEO is resigning but that’s not a big deal because Samsung is seeing a huge profit in the third quarter of this year. Samsung recorded net profit of $12.8 billion (14.5 trillion won) from the sales of $54.7 billion (62 trillion won) in the third quarter of this financial year.

This is good for Samsung which continuously focusing on doing bigger things like Galaxy S8 and Note 8, has once again amused its consumer by earning a huge profit in Q3. Samsung had already made a record revenue increase of 29% amid the same period of time. The operating profits of last year’s Q3 were increased to 178%.

When we look back, the 1st quarter of this year was the time when Samsung posted best-ever Q1 profit i.e. $9.9 billion. Later on, $12.5 billion profit was earned in the 2nd quarter.

Now, it is most likely that Samsung will cross that record of Q2 and will earn a net profit of $12.8 billion in Q3, as expected by the executive body of Samsung. It must be noted that these calculations are forecasted.

The Samsung Galaxy Note 8 has a big impact on consumers around the world, specifically in Soth Korea. People are loving their Note and the rise in demands has increased sales of this device in this region. Just in South Korea, 850,000, pre-orders of Galaxy Note 8 were taken by Samsung.

The increase in sales of DRAM and NAND modules have a big contribution in the increase of record profit in Q3. Expectations are even high from Samsung and hopefully, we will see a major increase even from the amount aforementioned.

As the leader of the organization has gone, so let’s see which strategies do new CEO adopts to further boost the increasing business of Samsung in various domains.

Samsung has recently launched Note 8 and Galaxy S8 smartphones. Check out the prices in Pakistan for all mobiles.

Sponsored
Sajeel Syed

I am a writer at TechJuice, overseeing IT, Telecom, Cryptocurrency, and other tech-related features here. When I'm not working, I spend some of my time with good old Xbox 360 and the rest in social activism. Follow me on Twitter: https://twitter.com/sajeelshamsi

Leave a Comment
Share
Published by
Sajeel Syed

Recent Posts

Microsoft Launches AI-Powered “Support Virtual Agent” for Xbox Users

Microsoft has launched its AI-powered “Support Virtual Agent” chatbot for Xbox Insiders in the U.S.,…

45 mins ago

Musk Says Tesla Won’t Enter Smartphone Market Unless Necessary

Android Authority recently polled its users to find out if they would purchase a Tesla…

54 mins ago

Sukkur IBA Sets Seven Conditions for Conducting MDCAT

The Secretary of the Sukkur IBA Testing Agency has formally requested urgent action from the…

1 hour ago

PSEB Opens Bidding for Nationwide e-Rozgar Centers

The Pakistan Software Export Board (PSEB) has launched a nationwide program to encourage IT startups…

2 hours ago

Google Play Services Bug Disrupts Access to Apps for Pixel Users: Here’s How to Fix It

A significant issue with Google Play Services has left many Pixel users unable to access…

2 hours ago

WhatsApp Beta Partners with Google for Innovative Image Search Feature

When it comes to Android messaging apps, WhatsApp stands out as one of the best.…

3 hours ago