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

Share
Published by
Sajeel Syed

Recent Posts

PSX Hits New Heights, Surges by 1,800 Points to Cross 97,000

On Thursday, the Pakistan Stock Exchange (PSX) 100 Index surged by 1,781.94 points, or 1.86%,…

28 mins ago

Pakistan’s IT Minister Defends Internet Restrictions: Here’s All We Know!

Shaza Fatima Khawaja, Minister of State for IT and Telecom, made it clear on Thursday…

2 hours ago

PayPal Resolves Global Outage Impacting Thousands

PayPal, the global payment processing company, announced on Friday that it had successfully resolved a…

2 hours ago

7,300 Teaching Interns Hired Across Punjab

LAHORE: Punjab government colleges have completed the recruitment of 7,354 teaching interns. The Higher Education…

3 hours ago

Pakistani Engineers To Get Free AI Training from PEC

The Pakistan Engineering Council (PEC) is launching a free six-week online training program on Generative…

3 hours ago

VPN Ban Could Cost Pakistan’s IT Industry $1 Billion, Warns P@SHA

The Pakistan Software Houses Association (P@SHA) has raised alarms about the severe impact of the…

16 hours ago