Thursday, April 27, 2017
Samsung made a load of cash this Q1 – even after the Note 7 fiasco.
It’s always crazy to think about how utterly massive Samsung is. To get a sense of the sheer scale of the South Korean conglomerate, you just have to look at its financial statements. The company has announced its financial results from the first quarter. Surprisingly, it beat expectations, to have the second most profitable quarter in its history, and its most successful first quarter ever. Profits are up 48 percent compared to the previous Q1 to reach roughly $8.7 billion (or 9.9 trillion won). Revenue was $44.5 billion (50.55 trillion won), which is an increase on the previous year’s Q1,…
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