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Galaxy S8, Galaxy S8 Plus & Galaxy Note 8 Push Samsung To Record Q3 2017 Profits

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Galaxy S8, Galaxy S8 Plus & Galaxy Note 8 Push Samsung To Record Q3 2017 Profits

Paul Briden 31/10/2017 - 3:44pm

Samsung's flagships have bought like scorching truffles, propelling the company to document earnings in 2017's Q3

Samsung has simply printed its profits for 2017's 3rd quarter and the company is reporting document earnings pushed essentially through its flagship smartphone levels; that comes with the Galaxy S8 sequence (together with the Galaxy S8+) and the Galaxy Note 8 phablet.

A complete of $13 billion running benefit for the quarter displays an enormous enlargement of 179% at the similar quarter in 2016 - a enlargement of a few sort used to be moderately inevitable making an allowance for how the Galaxy Note 7 "explosiongate" fiasco put an enormous dent in Samsung's financials ultimate yr, besides, this can be a beautiful staggering enlargement charge all of the similar; a document prime, in truth, which Samsung attributes to prime call for for its flagship class smartphones.

Final yr's $42.75 billion earnings for the quarter used to be additionally bested to the song of $55.48 billion, whilst internet benefit used to be additionally up considerably; the June-September quarter in 2016 got here in at $4.05 billion however an 89% spice up this yr bumped issues as much as $10 billion.

Total smartphone shipments larger all over the quarter, which Samsung attributes to the Galaxy Note 8 release, then again, revenues for the company's Cellular Communique and Community Companies department dropped 18.9% at the earlier yr's figures for a similar duration. The explanation? Samsung states it is right down to a "upper gross sales portion of mid-to-low tier fashions". Samsung does expect that tough gross sales over the Christmas duration will shore up its budget even additional, then again.

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