07-04-2017 13:12 via telecoms.com

Samsung profits set to jump 50% despite mobile mess

The Samsung money-making machine is showing remarkable resilience in the face of mobile missteps and a Korean corruption probe.
Announcing its earnings guidance for Q1 2017 the company said it expects to bring in around 50 trillion Korean Won (~$44 billion) of which it expects around a fifth to be operating profit. This time last year it brought in a similar amount of revenue but the operating profit margin was just 13%, so the company has massively increased profitability in that time – i
Read more »