The South Korean company, Samsung, is not done launching its flagship phones for this year.
“The semiconductor business will continue to see a boom for at least a year ahead and its earnings result is on a roll”, said Park Ju-gun, chief executive at CEO Score, a private corporate watchdog.
Last October, Samsung ended the troubled smartphone following the recall of 2.5 million handsets.
It’s worth nothing that Samsung is much bigger than phones. The phones’ handling of MicroSD cards is also being pointed out as a potential culprit behind the issues.
Global supplies were tight and consumer demand for more sophisticated and high-density mobile devices that can quickly multitask and process more images, videos and other data was strong. Consensus estimates now suggest that Samsung will report record earnings for 2017 as a whole. Samsung’s profitability was sharply enhanced.
Trusted analyst Ming-Chi Kuo recently said the dual cameras will be “the most important upgrade” for Samsung and will be far better than the ones found on Apple’s iPhone 7 Plus, but will “likely match that of the OLED iPhone”. From the previous quarter, the profit increased 7.35 percent.The figure was the largest except Samsung’s record high of 10.16 trillion won in operating profit, which was tallied in the third quarter of 2013.
Samsung’s group operating profit soared 48% on the year to 9.9 trillion won. While not all Samsung Galaxy S8 users were affected by this, Samsung wants to take no chances this year.
Samsung is still facing some acute headaches. Samsung’s de-facto leader and chairman Lee Jae-yong was among those indicted.
As per leaks and rumors, this will be the first device to have a Pixel – sense 4K resolution display with 6.4-inch screen size.
The Samsung Galaxy Note 7R is expected to launch in South Korea in late June, though it’s not yet clear what other countries will receive the phone, and how well it will be received after being the subject of so many in-flight announcements. But the last year’s release of Note 7 was in a hurry, and this said to be the reason of faulty batteries.
It offered to reward shareholders by paying its first quarterly dividend and cancelling tens of billions of dollars in treasury shares amid a surge in profits, but turned down Mr Singer’s push for a holding company, saying it would not help competitiveness and there could be regulatory hurdles.