samsung q1

Components drive record Samsung profits as mobile sales slide
Samsung Electronics has reported Q1 earnings in line with its guidance: as predicted, the company made an operating profit of 9.9 trillion won (about $8.7 billion), its second biggest quarter ever and its highest ever figure for the January to March period. Samsung says that the record-breaking profit was down to strong sales in its components businesses: mostly displays and memory. Although the Galaxy S8 wasn’t released in this three-month period, Samsung’s unit that develops processors and image sensors also improved its earnings, likely because of ramping up production in anticipation of the latest flagship launch. Read more