Samsung guidance points to record profits in Q3
Three months ago Samsung posted record-breaking finacial results; now the Korean company is heading to an even more successful quarter. The preliminary guidance shows sales around KRW61-63 trillion ($55 billion) and the operating profit is expected to be around KRW14.5 trillion ($12.87 billion). a similar outcome back in July. One of the driving forces is the deal with Apple and the shipments of OLED panels for the . The estimates for Q3 are higher than the Q2 2017 results when sales amounted for KRW61 trillion ($54.7 billion), while the operating profit was KRW14.07 trillion ($12.6 billion). at the July-September period of 2016, sales was only KRW47.82 trillion or around $42.4 billion while the operating profit was at one-third of the currently expected amount and was just KRW5.2 trillion ($4.6 billion). The detailed audited results should come by the end of the month.