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Samsung Forecast Windfall In Coming Quarterly Result

Ahead of its first earnings report for 2017, Samsung has posted expectations that it will bring in consolidated operating revenues for the period of approximately 9.9 trillion Korean won ($8.75 billion).

The major cause for this growth is understood to be the company’s component divisions, which have thrived as demand for the company’s memory chips and OLED panels has grown.

If it proves to be true, this confident prediction by Samsung will see the company trump both its results for the same period last year, as well as their troubled holiday quarter.

Still, given the excitement surrounding the soon-to-launch Galaxy S8, could see this strong fiscal result become only the beginning of a booming year for the company.

Samsung recently ramped up production of the Galaxy S8+ ahead of greater-than-expected demand.

In their guidance, Samsung also say they expect consolidated sales for Q1 2017 to reach approximately 50 trillion Korean won ($44.19 billion).

“Right now, it’s about as good as it gets for Samsung,” said Park Jung-hoon, fund manager at Samsung shareholder HDC Asset Management told TechWire Asia.

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