Samsung‘s mobile business to post solid Q1 earnings

Samsung‘s mobile business to post solid Q1 earnings

Samsung Electronics is forecast to post improved first-quarter earnings on the back of solid business from its IT and Mobile division.

The tech giant’s mobile arm is estimated to post an operating profit of 3.5 trillion won ($3 billion), with some analysts suggesting close to 4 trillion won.

The forecasts come after Samsung said earlier this month it sees its first quarter operating profit reaching 6.6 trillion won, up 10.37 percent from the same period last year. On-quarter, the estimate marks a 7.49 percent rise.

The company did not reveal the performance break-up of each division, but industry watchers said the improved guidance report came on the back of strong sales of the Galaxy S7 series. Samsung Electronics is set to announce the audited results Thursday.


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