2017 07 17 ProofVision Outdoor TVs 468×60

Business samsung logo

Published on July 7th, 2017 | by The GC Team

0

Samsung reports Q2 profits up 72%

Samsung Electronics says operating profit for the three months to June 2017 was a “record” 14 trillion Won (£9.3 billion), 72% higher than the same period last year, largely due to high global demand for memory chips. Samsung is the world’s second largest manufacturer of memory chips after Intel.

Sales were 18% up, with the Galaxy S8 smartphone performing well, and indicate, say analysts, that the company has recovered from the costly recall of the Galaxy Note 7, which was withdrawn because of a high incidence of battery fires.

Tags: ,


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.



Leave a Reply

Your email address will not be published. Required fields are marked *

four × 5 =

Back to Top ↑

Subscribe to GC's weekly e-Bulletin