Last Friday, Samsung Electronics Co. Reported its second quarter estimated financial report. The company estimated earnings from April-June is round about of $12.11 billion. The company sales are boosting the analyst predictions. The company eared 72% more than the analyst expectations.
The company raised 19% of the total operating profits for the last quarter. Overall, the company earned the 41.41% operating profits. The company raised overall 17% profit form the last year.
The company earned the 10.1 trillion won in 2013, after the potential sale of the Galaxy 4. Samsung revenues from all divisions is the proof of the company performance.
Samsung’s OLED display increases the demand for the displays, the great success of the Samsung Galaxy S8 and S8 Plus, the company earned the profit from the sales of the smartphone. Samsung S8 series are the well accepted around the globe. The major chunk of the company profit is earned from the chips.
The memory chips profit is expected to more grow in coming quarters, The company is working for the more production of the chips. Samsung reported the third highest profit earnings in the 1st quarter of the year. The officially financial statements of the company will be published in this month. Share your views with us by leaving the comments in the comment section given below!