Published On: Sat, Jul 29th, 2017

Samsung In Second Quarter Of 2017 Posts Record Profit Results Of $12.67 Billion

Samsung has revealed its second quarter earning which is estimated a record earning over history, according to reports company posts Q2 record profit results of $12.67 billion and it is higher than the estimate from early this month.

The official has posted record operating profits in Q2 2017 of $12.67 billion which is highest earning earned by the company, it is higher than estimation of last month, the company increases its revenues day by day and in second quarter Q2 from April through June, Samsung has collected a huge money that is the prove of its growth.

Samsung is a group of companies which is a South Korean multinational conglomerate, it is headquartered in Samsung Town, Seoul; it was founded as a trading company by Lee Byung-chul in 1938.

But over three decades it has spread the business in areas including food processing, textiles, insurance, securities and retail, Samsung ranked as world’s 2nd largest information technology company in terms of revenues as 2015 report says.

The company is introducing new technology, it has a great space in the market of Smart phones, as it is ranked one of the top revenue earners in the world, in Samsung 8plus company has introduced new latest technology Bezel less display which has increased its more than earlier.

During second quarter of 2017, it is reported that Samsung has earned a record operating profit which is estimated as @12.67 billion, it is said that this profit is 73% more as compared to last year which shows its growth and development.

Revenue of the Samsung Company has shoot up to $54 billion as it is reported that it has increased 19.8% over last year, the company earned $7.1 billion from Samsung’s chip business, $3.6 billion profit from S8 boosted business, and GS8 sales of S8 are about 15% higher than Galaxy S7 sales were last year.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Special Recent Posts

Kylie Jenner Wore Black Mermaid Gown for Her First Red Carpet Appearance With Travis Scott

Kylie Jenner Wore Black Mermaid Gown for Her First Red Carpet Appearance With Travis Scott

Kylie jenner marking her first red carpet appearance since giving her beautiful daughter stormi webs[...]
Sonam Kapoor and Aanand Ahuja set wedding date for 8th of May

Sonam Kapoor and Aanand Ahuja set wedding date for 8th of May

Fans of Sonam Kapoor had been speculating for a long time as if she is going to tie the knot with Aa[...]
Donald Trump deserves a Noble Peace Prize

Donald Trump deserves a Noble Peace Prize

South Korean President Moon Jae In said Donald Trump deserves a Noble Peace Prize South Korean [...]
Singapore Introduces World's longest nonstop flight by its AIRBUS A350-900ULR

Singapore Introduces World's longest nonstop flight by its AIRBUS A350-900ULR

Singapore is planning to introduce the AIRBUS 900ULR for Ultra Long Range travel for its passengers [...]
ICC World Cup 2019, India VS Pakistan on June 19

ICC World Cup 2019, India VS Pakistan on June 19

One BCCI official told reporters that India will face Pakistan in the ICC World Cup 2019 on 16th Jun[...]
Former USA President, George H.W. Bush is in intensive care unit

Former USA President, George H.W. Bush is in intensive care unit

CNN has reported that after the funeral of her wife held on Monday, Former president of USA George H[...]
Moroccan Singer, Wiam Dahmani dies of heart attack at age 34

Moroccan Singer, Wiam Dahmani dies of heart attack at age 34

Sudden death of the popular Moroccan Singer, TV host and Pakistani drama actress; Wiam Dahmani has s[...]
Saudi Arab banned the visitation to Jabal al-Nour visitation from Hajj & Umrah Package due to Bid’ah

Saudi Arab banned the visitation to Jabal al-Nour visitation from Hajj & Umrah Package due to Bid’ah

People coming for visitation of Jabal al-Nour are not following the Islamic Sharia laws related to t[...]
Guide on how to do multi tasking with a split screen on iPhone X without a jailbreak

Guide on how to do multi tasking with a split screen on iPhone X without a jailbreak

iPhone X user often complain about the fact that there is no split screen multi tasking feature dire[...]
UK's temperature for April is 29 degree Celsius, hottest since April of 1949

UK's temperature for April is 29 degree Celsius, hottest since April of 1949

Temperature in parts of London has been recorded 29 degree Celsius on Thursday this week. This is th[...]
President Trump; if the meeting with Kim Jung Un is not beneficial then I will leave the meeting in between

President Trump; if the meeting with Kim Jung Un is not beneficial then I will leave the meeting in between

President Trump announced that f the meeting between him and Kim Jung Un is not beneficial then he w[...]
Sajjad Ali's new song, 'Lagaya Dil' loved by fans

Sajjad Ali's new song, 'Lagaya Dil' loved by fans

  In the tenth season of Coke Studios, Sajjad Ali made splendid performance and sung his new song[...]
News about Fourth movie in famous XXX franchise; Vin Diesel in main cast

News about Fourth movie in famous XXX franchise; Vin Diesel in main cast

H Collective, film making company announced today that they have successfully acquired rights from R[...]
IPL 2018: one player for CSK revealed that he used to sell peanuts by the roadside

IPL 2018: one player for CSK revealed that he used to sell peanuts by the roadside

  Chennai Super Kings team of IPL after serving its two years suspension period is returning to p[...]
Details about upcoming American Horror Story season 8 finally revealed

Details about upcoming American Horror Story season 8 finally revealed

American horror Story show’s creators revealed information that the season is going to go back t its[...]

Recent Comments

  • Suman Maitra: This article shows how far the social/ online media publicat…
  • Sultan Star: Shame on u.......…
  • Qiko: Only a retard could defend this baseless ranking…