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October 5, 2018

Samsung forecasts all-time record profit of $15.5 billion in Q3 2018

by John_A

After a downturn in Q2, Samsung is once again back to shattering profit records.

samsung-mwc14a_0.jpg?itok=B44_7lZw

Samsung is on track to beat the $14.6 billion in profits it netted in Q1 2018. In its Q3 2018 earnings guidance, Samsung is forecasting an operating profit of $15.5 billion (17.5 trillion won) on the back of revenues of $57.5 billion (65 trillion won).

That’s a 20% uptick from the $12.8 billion it recorded in profit during the same period last year, and 6% more than Q1 2018. The launch of the Note 9 wouldn’t have hurt the bottom line, but we’ll have to wait until the last week of October to get a detailed breakdown of where the profits came from.

For now, it’s safe to say that Samsung’s chip business is a key growth driver — as it has been for a few quarters now.

Samsung Galaxy Note 9

  • Samsung Galaxy Note 9 review
  • Galaxy Note 9 vs. Note 8
  • Where to buy the Galaxy Note 9
  • Galaxy Note 9 specifications
  • Is the Note 8 still a good buy?
  • Join our Galaxy Note 9 forums

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