The South Korean tech giant Samsung Electronics revenue increasing since the last three years. The company is earning the major portion of the earnings from the Mobile phones, memory card chips and from the display screens.
The company reported the first-quarter earnings the Samsung earned the operating profit about $8.7 billion. In the quarter January to March the company earned the maximum amount ever in the last quarters. The overall revenue about $44.7 billion in all quarters.
The company reported that the Samsung earned the profit from the sale of different units of the businesses. The company earned from the processors and image sensors that are developed for the flagship smartphones of the Samsung as well as the other companies.
At the recent quarter the company didn’t release the Galaxy S8 series. The company earned slightly less from the mobile phone sections because of poor performance of the Galaxy Note 7. The sales were declined due to the Galaxy Note 7. Company bears the loss and sell the item in some regions of the world at the lowest price. Most of the units were recalled.
The Samsung officials are building the trust of the shareholders and employees with the maximum sale of the latest smartphones S8 and S8 Plus. It is anticipated the company will earn more profit in the next quarter.
According to the report of the CNBC report, the Samsung said in a statement:
“Looking ahead to the second quarter, the company expects to achieve growth on the back of continued robust memory performance together with improved earnings from the mobile business following the global rollout of the Galaxy S8 and S8+”
The Samsung’s finances in the recent quarter have the better position in the financial market, but the another issue of its de-facto head Lee-Jae Yong corruption scandal is still the headlines of the different news.