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Mark Peters : July 28th 2017 - 16:16 CET

Samsung Mobile Division reports financial results


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SamsungQ2 2017 Financial results for Samsung Mobile Division : The IT & Mobile Communications (IM) Division posted KRW 30.01 trillion in consolidated revenue and KRW 4.06 trillion in operating profit for the quarter. Samsung’s earnings significantly increased QoQ driven by the strong sales of the Galaxy S8 flagship phones. These premium smartphones have outsold the Galaxy S7 series in almost all regions, thanks to the new Infinity Display design and enhanced features including water and dust proofing and iris recognition. The overall product mix also improved as the sales proportion of the Galaxy S8+ accounted for over 50 percent of the total Galaxy S8 series. Despite the strong sales performance of premium smartphones, Samsung’s total phone shipments remained at a similar level QoQ, due to decreased sales of mid- to low-end products.
Samsung mobile financial results

Samsung Mobile Division financial results
In the second half, demand for smartphones and tablets is forecast to increase as the market enters a period of strong seasonality. However, competition is expected to intensify as new smartphone models are released by competitors.

In response, Samsung will launch a new Galaxy Note with enhanced performance and features, to maintain the strong sales momentum of its premium smartphones, together with the Galaxy S8 and S8+.

Mobile division

For the mid- to low-end segment, Samsung will actively respond to demand from emerging markets and maintain profitability with enhanced products such as the Galaxy J series 2017 editions which are equipped with elegant metal designs, high-definition selfie cameras and specialized services such as Samsung Pay.

Looking into the third quarter, revenue and profit are expected to decline QoQ due to increased marketing expenses associated with the launch of the new Galaxy Note and the reduced launching effect of the Galaxy S8 and S8+.

Putting customer safety first and foremost, the company will continue to reinforce product competitiveness based on technological leadership and also strengthen its differentiated services across all of its products.

In particular, the company will foster differentiated services by creating an open ecosystem that promotes full connectivity between key services such as Samsung Pay, Samsung Cloud, Bixby, and other third-party services, while enhancing connected services among its various product categories.

Internet of Things

Internet of Things
As for the Networks Business, solid revenue and profit were maintained QoQ due to increased LTE investment by major global partners in the second quarter. The company will focus on next generation network business such as Internet of Things (IoT) while continuing to expand LTE-A into major advanced markets.




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