Samsung record profits

Samsung has just reported the highest profits since the year 2013. Most of the sales and profits in the first quarter of 2017 have come from memory chips and OLED screens. The South Korean company has also signed a contract with Apple to provide 70 million OLEDs to its rival.

According to preliminary reports, the operating profits have amounted to a huge $8.8 billion which is an impressive 48% higher than last year. This shows Samsung has been largely successful at putting the Galaxy Note 7 explosion episode in the past.

Analysts say the company is expecting even higher Quarter 2 sales since its flagship phones Galaxy S8 and S8+ have just been released and go on sale on April 21. Samsung’s stock prices have gone up by 16% since the start of the year, which is a┬ástrong statement of achievement.

We will have to wait and see how the S8 and S8+ release pans out as they have some great features but also faced criticism over some points. With the Samsung DeX and improved Samsung VR gear, the company is looking to multiply its consumer base by millions.

Moreover, Bixby has been headlining the news for its amazing capability of being an all round AI assistant but Apple is also refusing to stay behind with a new patent suggesting Siri as a vocal biometric system.

Image Source: The Tech Portal


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