Samsung is reporting its best first quarter earnings since 2013, with the main source of revenue coming from memory chips and OLED display sales.
South Korean-based Samsung issued its earnings guidance for Q1 2017 and stated its operating profit is expected to come in around $8.8 billion USD (9.9 trillion won), up approximately 48 percent over the same period last year, with sales topping 50 trillion won for the months January to March.
Solid numbers considering the rocky start the company had in the press with the burn of the Galaxy Note 7 and also executive bribery and embezzlement allegations.
It should be noted that Q2 numbers will be even more impressive as these results do not include Galaxy S8 or Galaxy S8+ pre-order results. Samsung unveiled its latest flagship last month and the device will officially go on sale globally, including Canada, on April 21st.
Source: Samsung
Via: Bloomberg
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