Things won’t improve for Samsung’s mobile division next quarter but this is how it will respond
Samsung doesn’t provide shipment figures for smartphones in its quarterly earnings releases so it’s unknown precisely how many units the company has shipped in the second quarter of this year. We will soon see estimates from industry trackers, though. The company today reported its earnings for Q2 2017 . It has seen strong sales throughout the quarter which is the why the mobile business has brought in 30.01 trillion won ($26.9 billion) in revenue. However, Samsung’s profit margins have taken a hit. The division’s operating profit for the quarter came in at 4.06 trillion won ($3.6 billion) as opposed to 4.32 trillion won ($3.8 billion) in Q2 2016. The Galaxy S8 was Samsung’s flagship product throughout the quarter and the company says that it saw strong sales of both models . The Galaxy S8 might actually have played a big role in generating a big chunk of the profits because Samsung’s affordable options have taken a hit. Samsung mentions in its earnings release that even though it