Samsung's growth this quarter was largely down to the stunning success of its semiconductor business, which is experiencing an unprecedented boom on the back of strong demand for server memory chips to store, analyze and process data in data centers.
Operating profit jumped 73% over a year earlier to 14.1 trillion won while sales rose 20% to 61 trillion won, in line with its earlier guidance.
Analysts predicted Samsung would post another record-breaking profit number in the third quarter. The consolidated operating profit for the second quarter surged 42 percent against the previous quarter and 73 percent against the year-ago period.
The world's biggest maker of memory chips, smartphones and TVs is set to smash its annual profit record after better-than-forecast performance in its mobile business lifted April-June profit slightly above its early-July guidance, analysts said.
The IT & Mobile Communications (IM) division of Samsung accounted for half the consolidated revenue - KRW30 trillion. Kim Ji-yeon, Arirang News.
With demand for Samsung's memory chips forecast to continue until next year, analyst Roh said: "Samsung is expected to post another record profit in the third quarter at around 15 trillion won".
Conservatives: We didn't ask for ban
Donald Trump's new press secretary read out a letter apparently sent from a nine-year-old boy in a bid to defend his presidency. Pennsylvania lawmakers said they had questions about the new policy, and several were critical of the president's decision.
The mobile business reported operating profit of 4.1 trillion won. Consumers also expect their handsets to be packed with higher memory storage, which increases memory demand. However, it has now fallen out of the top five, and Samsung saw sales decline in the second quarter, according to Canalys.
Samsung said it has 54 trillion won in net cash, an 11 trillion won decrease from the same time past year.
It would certainly be a welcome move - Samsung Pay works at most offline retailers - but it's hard to see other manufacturers integrating Samsung's proprietary tech in their devices.
Other big spends on the horizon include ramping up production of 64-layer V-NAND at the company's Pyeongtaek fab. In his absence the company has released the S8 to glowing reviews, helping it recover from the Note 7 recall, while also boosting investment in chips to meet demand from rivals including Apple Inc.
It is supposed that a 3,300mAh battery will fuel the handset and the Note 8 is anticipated to be preloaded with Android 7.1.1 Nougat, although many expected it to come with the Android O.
Penn State Set To Continue Success
Despite a wildly successful season, Penn State's offense managed to make up for some defensive shortcomings last season. Meyer is 61-6 since taking over at Ohio State, but that has come with just one Big Ten championship.
Jerusalem Grand Mufti OKs resumed prayer at Al-Aqsa
Israel's Prime Minister, Benjamin Netanyahu , ordered reinforcements deploy to Jerusalem as a result of the unrest. Netanyahu also faced a severe backlash from Israelis for his decision to install metal detectors at the holy site.
Russian sought in bitcoin laundering held in Greece
The charges against Vinnik are still sealed, and are likely to remain sealed as prosecutors attempt to extradite him to the US. He also stated that the future of BTC-e exchange is uncertain and user funds may be never returned.
Israel removes metal detectors from Al- Aqsa Mosque
Daytime prayers are small - usually a few hundred worshippers gather at the Lions' Gate entrance to the walled Old City. Cameras have been installed at entrances in a possible indication of an alternative to the metal detectors .
Second Chance at Life: Fans Rally To Save Microsoft Paint
You will be requested to sign into your Microsoft account , make sure you use the same one that you are now using on your PC. Today, Microsoft announced that it is making Windows 10 S available to MSDN subscribers, who can download an ISO image now .
Trump goes after Jeff Sessions in morning tweets
We ask, why the critical tweets? But Republicans on Capitol Hill and conservative groups have stood by the attorney general. Rosenstein appointed Mueller after Trump abruptly fired James Comey as Federal Bureau of Investigation director in May.