Samsung’s Q2 2017 financial earnings reveal that the company has experienced record-breaking financial results.
In total, Samsung generated $12.6 billion USD in operating profit and $9.7 billion in net profit, the highest earnings in the South Korean company’s history.
These earnings predict that Samsung is on track to surpass Apple in the operating profit department for the second time in the company’s history. Conversely, Apple is expected to generate $10.6 billion USD over the same period. It’s worth noting that this period of the year is typically slower for Apple given the company doesn’t release its new version of the iPhone until the Fall.
Samsung also forecasts that the company’s mobile division will decline in the third quarter of 2017 because of marketing expenses linked to the impending launch of the Galaxy Note 8. In the earnings report, Samsung confirmed that a new Note model is coming “with enhanced performance and features, to maintain the strong sales momentum of its premium smartphones, together with the Galaxy S8 and S8+.”
Samsung is expected to reveal the next iteration in Note line on August 23rd in New York City.