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Samsung’s Q3 earnings of 2017 could beat the expectations

So far, it has been great year for Samsung in terms of financials especially after the last years’ huge loss and failure with the Galaxy Note 7. Besides that, their heir ended up being in jail, when he got arrested for bribery and charges, which occurred earlier this year. Now, it has been reported that the company is yet again standing up on their feet, with an extraordinary device which they released this year, the Galaxy S8 and S8 Plus. Also, they have yet to release the Galaxy Note 8, which is just few days ahead of us. With their plans about the Note 8, they have a vision that their earning may beat the market expectations and the post earnings growth.

Some of the industry insiders have also claimed that Samsung could not have any growth at this quarter of the year. Even the company itself confirmed that they could fall in the following months.

Regardless, today the industry trackers have started with the predictions of the earnings of the company. They have predicted that the company might top the initial estimates due to the sales of the OLED screens to Apple for the iPhone 8. By the way, the iPhone 8 is expected to be unveiled tomorrow.

As the analyst Kim Sun-woo says, Samsung could reach KRW 64.84 trillion and an operating profit of KRW 14.34 trillion in the third quarter of this year.

The company has also reached a record pre-order numbers for their upcoming Galaxy Note 8 in the United States.