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Samsung rides surging chip demand, Galaxy S8 sales to record quarterly profit

BusinessBy adminJuly 8, 2017Leave a comment

[ad_1] Samsung Electronics Co. topped analyst estimates with its best-ever operating profit as global demand for semiconductors remained strong and the new Galaxy S8 flagship smartphone won over customers. Operating income rose to 14 trillion won (US$12 billion) in the three months ended June, the Suwon, South Korea-based company said in preliminary results released Friday.…

Samsung shrugs off Galaxy fiasco and a political scandal in South Korea to post 50 per cent jump in profit

BusinessBy adminJanuary 6, 2017Leave a comment

[ad_1] Samsung Electronics Co. said Friday that its profits in the last quarter of 2016 surged 50 per cent to the highest level in more than three years, despite the Galaxy Note 7 fiasco. Analysts had expected Samsung’s profits to surge thanks to its mainstay semiconductor business, but the result surpassed even the most optimistic…

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