Samsung hits record profit in first quarter of 2018

Samsung hits record profit in first quarter of 2018
Samsung hits record profit in first quarter of 2018

As expected, Samsung announced its financial report for the first quarter of 2018, which saw a record from operating profit.

The company had earlier disclosed its forecast for the first financial quarter of 2018 to achieve a record,this is what happened with the announcement of the company of $ 14.4 billion in operating profits.

The company said sales of smartphones Galaxy S9 and S9 + were high, but the unexpected is the level of demand for large and continuous on the Galaxy S8 unusually with previous years with the rest of the phones.

On the other hand, the company has reported weak demand for its unexpectedly produced OLED screens, as these screens are produced for iPhone X phones, and phone sales appear to be much lower than expected, contributing to poor demand for screens. But the company talked about its expectations of high demand for these screens in the future.

The company also reported in its report on the decline in television sales, but these figures may rise significantly in the second half of the year with the launch of several screens with different technologies and accuracy of up to 8K.

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