08 July, 2017
Results for Samsung's individual businesses were not given in the guidance.
Analysts said the record-high performance came on the back of the improved shipment and price of DRAM and NAND products.
Reuters also reports that Samsung's profits are expected to jump 67 percent year-on-year, setting new highs. Nomura Securities' South Korean arm sees this surge boosting Samsung's operating profit from OLEDs alone to 5 trillion won in fiscal 2017 and 8.4 trillion won in fiscal 2018, well above the estimated 2.8 trillion won last fiscal year. The company suffered a year-on-year decrease in operating profits of 2.19 trillion won ($1.93 billion) in the third quarter of the 2016 fiscal year.
Other milestones may be waiting. It would be the first time that Samsung's profit would be higher than Apple's, who is expected to generate $10.6 billion in Q2. "Consumers' data usage exploded and companies are not saving their money to invest in servers for data storage and data analysis". Jousting to be the most profitable tech company really boils down to bragging rights.
The firm's operating profit is expected to jump by 67 percent from the same period past year to a new high of $11.4 billion.
Some forecasts show Samsung sending 80 million to 90 million panels to the American smartphone giant this year, and around 170 million next year.
Operating income rose to 14 trillion won (S$16.7 billion) in the three months ended June, the company said in preliminary results released yesterday.
Samsung Electronics Co., the world's biggest maker of memory chips, announced 20.4 trillion won ($18 billion) of new investments to expand semiconductor output in South Korea.
In addition, Samsung's plans to construct a second semiconductor fabrication line in Xi'an, China, site are also under review.
Samsung controls more than 90 percent of the global market for mobile OLEDs, and is using the screens for the curved displays of its Galaxy smartphones.
Samsung's latest flagship smartphone, the Galaxy S8, also helped.
Samsung is embracing such standard in the camera department so many of its smartphones are expected to get such treatment including the Samsung Galaxy Note 8.
Its de facto leader is in jail as part of the corruption scandal that topped South Korea's president.
