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Samsung releases quarterly sales report

Samsung Headquarters. (Source: Social Barrel)
Samsung Headquarters. (Source: Social Barrel)
Samsung has released its business report for Q3 2017, with the company recording all-time high figures in revenue and profits. Its smartphone arm witnessed an increase in shipments this quarter, in spite of a comprehensive decline in profit.

The past week has been one for the business arm of the smartphone industry, with numerous OEMs and firms releasing data on the commercial side of the market, from the last quarter. Samsung is the next to do so, as the company, in a press release yesterday, posted its Q3 results.

The Korean giants recorded an impressive US$13 billion operating profit, up 179% from last year, and the company's all-time highest—which was credited to its booming sub-divisions. Annual revenue sits at US$55.6 billion, a US$12.75 billion year-on-year increase.

Keeping in line with the company's growth, its smartphone division recorded an unspecified increment in shipment numbers, but revenue and earnings of the Mobile Communication and Network Businesses division, in general, saw a slight decline this quarter, and an 18.9% YoY drop—a phenomenon the company chalks up to its focus on lower-tiered devices and the slimmer profit margins they offer. 

2018 in mind, the company expects a growth in sales of its flexible OLED panels and memory modules.

You can find the detailed report here.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 10 > Samsung releases quarterly sales report
Ricci Rox, 2017-10-31 (Update: 2017-10-31)
Ricci Rox
Ricci Rox - News Editor - @riccirox
I'm a freelance copywriter who lives and dies for tech. Android, ​especially. The smartphone market is one going through an impressive growth spurt, so I crawl the Internet with keen interest in a technological ecosystem that doesn't seem to be slowing down anytime soon.