Samsung Predicts Best Quarter in Four Years, Expects $8.8 Billion Profit

Samsung has just announced its earnings guidance for the first quarter of this year and the estimates reveal that the South Korean company expects to record the best quarter in over four years.

During the period between January and March, Samsung believes that it will record an operating profit of about $8.8 billion, making it the best quarter since 2013. The actual numbers will be released in a week or two in a report that will reveal Samsung’s performance by categories, including the results for the mobile division.

Samsung expects to record $44.9 billion in sales during the first quarter of this year, while operating profit will reach almost $9 billion. Compared to Q1 2016, Samsung’s operating profit grew by 50%, revealing that the company is slowly recovering after the Galaxy Note 7 disaster, which affected its mobile sales and caused major financial loss…. (read more)

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