Samsung expects $7.28 billion in operating profit in Q3, beats expectations

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Samsung has sent out guidance to its investors ahead of its full Q3 earnings call, and like previous occasions, the numbers are pretty impressive. The Korean firm is expecting a  fourth straight record quarter, which pretty much guarantees that there’s going to be a huge party in the Samsung HQ in Korea. Samsung has managed to grab 8.1 trillion won ($7.28 billion), double of the results in the same period last year, which is partly fueled by demand for Samsung’s Galaxy series of devices. Even if Samsung paid off it’s $1 billion debt to Apple, Samsung has more than enough money to go laughing to the bank.

Source: Bloomberg