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Samsung posts Q1 2018 financial results, tops expectations with record profits

It's that time of the... quarter. 2018 Q1 financial reports are being published by most of the big tech names, and Samsung is likely pretty pleased with its performance so far this year. It isn't quite as high as the impressive 2017 Q4 results it previously posted, but it's sitting pretty with a total of KRW 60.56 trillion ($56 billion) in revenue, with KRW 15.64 trillion ($14.51 billion) in operating profit. That's a revenue increase of 20% and an operating profit increase of over 50% compared to Q1 2017, beating expectations. 

A glut of Samsung's earnings came from continued demand in memory as well as its overall semiconductor foundry efforts.

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Samsung posts Q1 2018 financial results, tops expectations with record profits was written by the awesome team at Android Police.

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