Record Q1 profits expected by Samsung

Thanks to the soaring memory market, Samsung is expecting record Q1 profits, despite the Galaxy Note 7 fiasco.


The company is forecasting $8.8 billion in profits – a 48% jump from Q1 2016.

The Q2 profit could be bigger because of the launch of the Galaxy 8.

Q1 revenues are expected to be flat with Q1 2016 at $44 billion.

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