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Samsung posts record Q2 2017 profit of 10.8 billion Euros

Samsung posts record Q2 2017 profits of 10.8 billion Euros
Samsung posts record Q2 2017 profits of 10.8 billion Euros
The South Korean conglomerate has also become the first competitor in 24 years to displace Intel as the world's largest chipmaker.

Apparently, no amount of exploding smartphones can bring down the giant that is Samsung. For the second quarter of this year, the company has reported its highest profit yet at 14.07 trillion Won (KRW) or approximately 10.79 billion Euros to represent a marked YoY increase of 72.8 percent. Revenue has jumped from 50.94 trillion KRW in Q2 2016 to 61.00 trillion or approximately 46.79 billion Euros.

Samsung's smartphone arm (Samsung Mobile) has also recorded record numbers for the quarter. According to the earnings call, sales of the Galaxy S8 have "increased significantly" while budget and mainstream models have actually declined. Profits for the upcoming third quarter are expected to dip due to marketing costs surrounding the launch of the upcoming Note.

Finally, Samsung's semiconductor arm has now become the largest and most profitable in the world as predicted by analysts earlier in the year. Intel had held the top spot for over two decades, but Samsung's diverse portfolio of DRAM, SSDs, and SoCs are now finally outperforming Intel CPUs in terms of revenue.

This year's Samsung Unpacked event is scheduled for August 23rd in New York City where the company is anticipated to expand its roster of Galaxy smartphones for the North American audience. The launch of a potentially new Galaxy flagship may coincide with the inevitable launch of the next Apple iPhone.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 07 > Samsung posts record Q2 2017 profit of 10.8 billion Euros
Allen Ngo, 2017-07-29 (Update: 2017-07-29)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.