Samsung’s Big Surge: 48% Jump in Operating Profits
Samsung Electronics just announced that its operating profit for the three months ending March shot up by a whopping 48%, reaching $8.8 billion (about £6.8 billion). That’s a tidy boost for a company that had wrestling with the attempts to resurrect the fan‑favourite Galaxy S8 and S8+.
What’s Driving the Numbers?
- Memory chip orders are flowing in like never before.
- Phone sales are gaining steam, especially after the infamous Note 7 fiasco.
- Market confidence is riding on the strong launch of the Nexus‑class S8 series.
The S8 Roll‑out
Samsung rolled out the new S8 and S8+ last week, although official sales figures are still coming in. However, the tech giant has already hinted that these models sold roughly 30% better than the Galaxy S7, which debuted back in 2016.
Why the S7 Comparison Matters
When a flagship swoons, the benchmark belongs to the previous generation. The fact that the S8 tops the S7 means that folks are finally forgiving the Note 7 drama—understandably, the 2.5 million‑unit recall made headlines for all the wrong reasons.
Looking Ahead
Samsung is optimistic that its recent turnaround will keep surprising analysts, with high hopes for continued growth in both memory chips and future handset releases.
