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/ Samsung profit keeps rising in Q2 2017 thanks to the chip business
Samsung profit keeps rising in Q2 2017 thanks to the chip business
Samsung reported a record-breaking profit in Q2 2017. It registered KRW61 trillion or about $54.7 billion revenue. The operating profit stood at KRW14.07 trillion ($12.6 billion), which is a staggering 72% increase year-over-year. The expectations are Q3 numbers to be even bigger because of OLED panels shipments to Apple for the new iPhone. Chip business was the top earner among Samsung's businesses for Q2 2017 with $7.2 billion operating profits(KRW8 trillion) out of KRW17.58 trillion revenue, or about $15.7 billion. The number will keep growing in the July-September period...
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