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.

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