Galaxy S9 and S8 help push Samsung to record Q1 profits

Posted by Payton Wilmott On Thursday, April 26, 2018 0 comments

The Galaxy S9 duo helped propel Samsung Electronics to record operating profits for the first three months of this year. It took in an operating profit of $14.5 billion on $56.2 billion of revenue. That represents an operating margin of 25.8%, up 6.2 percentage points year over year. The S9 didn't do it alone, the older Galaxy S8 still sells well as do other premium models. Mobile accounts for $26.4 billion of the consolidated revenue, but only $3.5 billion of the profits. Samsung wants to keep this rolling by expanding its experience stores and offering more trade-in deals. It's...



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