Samsung Releases Q2 Earnings Guidance, Expects Big Profits

Samsung has released an earnings guidance for Q2 of 2017 and the company is expecting to post large profits.

Samsung had profits of 9.9 trillion KRW in quarter one and it is expecting to posts profits 14.4 trillion KRW which is around $12.2 billion at the current exchange rate.

Samsung Electronics today announced its earnings guidance for the second quarter of 2017.

• Consolidated Sales: Approximately 60 trillion Korean won
• Consolidated Operating Profit: Approximately 14.0 trillion Korean won

Samsung has has impressive sales of its Galaxy S8 and Galaxy S8 Plus smartphones, these have contributed to their strong sales.

The company also has their new Galaxy Note 8 coming later this year, this handset is expected to land in August and  it could be another popular device for the company.