Samsung has posted record earnings putting it on course to beat rival Apple’s quarterly profits.
The firm said huge sales of its new Galaxy S8 smartphone and demand for its memory chips were behind the boost in April to June.
The tech giant predicted another blockbuster report for the current quarter to September. – despite an embarrassing recall last year of its flagship Galaxy Note 7 smartphone over exploding batteries which cost it billions of euros and was a huge blow to its reputation
The mobile division, which competes with Apple, reported a profit of 10.7 billion euros.
The record earnings come as the firm’s Vice Chairman Jay Y. Lee is in detention while on trial for his alleged role in a corruption scandal involving former president Park Geun-hye. He has denied wrongdoing.
Source: Euronews
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
