Despite the scandals surrounding its brass-level and the Note 7 incident, it still looks like Samsung could do no wrong. The company is experiencing its profits grow by 50.16 percent over the past year, to $7.9 billion, meeting the company’s expectations.
The results were achieved on the back of healthy sales for its component markets, which include manufacturing TV panels and semiconductor chips for others. In particular, the former grew its operating profit by almost 77 percent, for a profit of $4.3 billion.
The smartphone business by contrast felt some pressure from the competition, but still generated a sizeable $2.1 billion in profit which were up 12 percent over the past year, while demand for OLED and UHD panels led to a profit of $1.1 billion in the quarter.
This means that despite its unique problems the company managed to generate its best set of revenues for any quarter in three years. Samsung also revealed a buyback plan of around $8 billion of its own shares.
It is looking a bit conservative for the near future, however, with lack of demand due to seasonality, which could mean slightly less sales, understandable after a hectic holiday season.
You could also expect its future phone to come with more artificial intelligence and a “differentiated design”. All of this could make an arrival in the upcoming Galaxy S8 smartphone, which will be launched in a couple months’ of time.
