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


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