South Korea’s Samsung Electronics released financial report for the second quarter of 2017 earnings. In this quarter, Samsung Electronics profits reached a record 61 trillion Korean won that’s equivalent to 54 billion US dollars. Operational profit also reached a record 14.07 trillion won, a rise of 42% year on year. So Samsung has successfully beat the old rival Apple 11.33 billion profit over the same period, becoming the 2nd Q2 of the world’s most profitable companies.
Samsung Electronics in the press release pointed out that its strong performance in the 2nd Q2 of this year is mainly due to the industry’s high demand for high-density chips. Its own AP, CIS, flexible OLED screen, top-end ultra-high-definition (UHD) panels have achieved excellent sales results, mobile communications sector launched Galaxy S8 and S8 Plus smartphones also continued selling, making Samsung in the quarter results pleasing.
Samsung Electronics reported that the memory chips are still the main driving force of its profit, the sector revenue reached 17.58 trillion won, and profits reached 8. 03 trillion won. Industry demand for flash memory chips makes the part prices continue to rise, so despite the reduced demand for mobile flash memory chips, but still very profitable. The own 10nm process of formal business and 14nm process AP sales also let Samsung Electronics is very optimistic. Samsung is also ready to continue to invest 8nm, and the introduction of EUV production process to ensure their leading position in the industry.
Looking forward to the Q3, Samsung Electronics believes that its own memory chips will continue to contribute to its own substantial profits. But due to the display panel and mobile communications sector profits decline, the entire Samsung Electronics profit may be some decline. Samsung is also expected to open a new OLED production line and the highly competitive LTPS-LCD panel market will be in the short term to show the profits of the show sector, the second half of the Galaxy S8 series of lower profits and new Note mobile phone issuance of public relations spending, will make mobile communications Department profit reduction.