Although the beginning of this year kept the attention of the Samsung company with the problems with the Samsung Galaxy Note 7 after the presentation of the results of the investigation regarding its problems, the problems did not stop there. The head of Samsung was arrested for high-level corruption charges, but that did not prevent the company in any way from obtaining high revenues and profits compared to last year's results.
Samsung announced last night that for Q1 2017 it expects revenues of approximately 45 billion dollars, but also an operating profit of approximately 8.75 billion dollars. The receipts are extremely close to those of Q1 2016, the difference being less than 500 million dollars, but in the case of operational profit, the difference is much greater than some expected.
More precisely, in Q1 2017 the profit of the Samsung company could be almost 3 billion dollars higher than that of Q1 2016, the increase being 50% compared to last year's 5.9 billion dollars. The results from Samsung are spectacular and confirm the fact that no matter what problems some products have, or the management, the Russian company still achieves very good financial results.
If Samsung will still have a higher operating profit than the estimate announced now, i.e. 8.9 billion dollars, then we are talking about a record for the Korean company. Apple is also going to announce its financial results for Q1 2017 on May 2, and in its case we could talk about higher receipts and profit than those expected by Samsung.
