Samsung Q2 2017 by the numbers: $54.8 bn revenue, $12.6 bn profit

Strong sales of its latest Galaxy S8 smartphone and increased demand for its memory have led Samsung to have a record second quarter. The company released its financials for Q2 today and the company earned $54.8 billion total with $12.6 billion in profit. All of Samsung's products performed exceptionally well with its smartphone and memory divisions leading the charge. The company's RAM and solid state drives were highly sought after as there is currently a shortage on the market. This strong demand did lead to Samsung paying higher component costs but there was still a large increase in the earnings of its mobile division thanks to… [Continue Reading]