Published On: Thu, Apr 27th, 2017

Components drive record Samsung profits as mobile sales slide

Samsung Electronics has reported Q1 earnings in line with its guidance: as predicted, the company made an operating profit of 9.9 trillion won (about $ 8.7 billion), its second biggest quarter ever and its highest ever figure for the January to March period. Revenue was 50.55 trillion won, or about $ 44.7 billion.

Samsung says that the record-breaking profit was down to strong sales in its components businesses: mostly displays and memory. Although the Galaxy S8 wasn’t released in this three-month period, Samsung’s unit that develops processors and image sensors also improved its earnings, likely because of ramping up production in anticipation of the latest flagship launch.

But Samsung’s key mobile business saw revenue slide due to a…

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