Samsung became the world’s most profitable tech company in Q2 2017. It posted an operating profit of $12.67 billion for the quarter, a 72.7 percent improvement compared to the same period last year. Revenue clocked in at $54.7 billion for the April-June 2017 period.
The company will certainly work hard to ensure that it maintains this momentum. Market analysts are of the view that we might see a slowdown in Samsung’s earnings growth in Q3 2017. Samsung is expected to post an operating profit of $12.2 billion for the July-September 2017 period.
It’s still going to be a significant improvement compared to the same period last year. Samsung posted $4.7 billion in operating profit for the third quarter of 2016. That itself was a year-on-year decrease of $1.93 billion.
The Galaxy Note 7 had a huge impact on Samsung’s earnings in Q3 2016. Prior to the flagship’s recall, Samsung was actually expecting a slight increase in operating profit for the quarter. It ended up having to deal with a recall that cost it billions of dollars.
Samsung’s operating profit for Q3 2017 is expected to drop quarter-over-quarter due to a slight decline in profits from its display business. Analysts expect that Samsung’s profitability for its OLED products will decrease as the price of LCD panels continues to fall.
The post Analysts expect a slowdown in Samsung’s earnings growth in Q3 2017 appeared first on SamMobile.
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