RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • Newsletter
  • Contact & Route
Members' area
  • Log in
  • Become a member
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • Events
    • OVERVIEW EVENTS
    • EVENT PARTNERSHIPS
  • Advertising
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
  • Members’ area
RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • Newsletter
  • Contact & Route
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • Events
    • OVERVIEW EVENTS
    • EVENT PARTNERSHIPS
  • Advertising
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
  • Members’ area
Members' area
  • Log in
  • Become a member
thumb
Written by Yoni Van Looveren
In this article
Share article
  • facebook
  • instagram
  • twitter
  • linkedin
  • email

Samsung's new flagship yields record profit

icon
Electronics7 July, 2017

Korean technology company Samsung published record results for its past quarter thanks to its successful Galaxy S8 launch. The flagship product and an increased chip demand helped the company soar.

Lower manufacturing costs

The second quarter turnover reached 60 billion won (46 billion euro) and the company profit grew to 14 billion won (11 billion euro), more than analysts’ expectations and a record high for the company. The increased profit is partially thanks to lower chip manufacturing costs but also because it has almost surpassed Intel as the world’s largest chip manufacturer. Samsung will publish its full financial results later this month.

 

The successful Galaxy S8 launch was the main reason for the excellent results. The smartphone is selling exceptionally well and boosted the company’s image after the Galaxy Note 7 fiasco. That device had to be recalled worldwide after it turned out the battery could catch fire or explode. The issue has turned the European Parliament’s gaze onto the issue and it now demands batteries to be replaceable in the future.

 

Thanks to these excellent results, Samsung may even have a larger profit than its competitor Apple, which analysts place at 10.5 billion dollars (9 billion euro). However, Apple is preparing the launch of a new iPhone in September.

More on Electronics
See more
  • icon
    Electronics21 May, 2025
    New CEO for MediaMarkt Benelux

    On 1 June, Faruk Kocabas will become MediaMarkt‘s new Managing Director Benelux. He succeeds Remko Rijnders, who has been promoted to CFO of parent company Ceconomy.

  • icon
    Electronics15 May, 2025
    MediaMarkt owner Ceconomy increases profits despite falling sales

    Ceconomy, the parent company of electronics retailers MediaMarkt and Saturn, has improved profitability despite weak sales. Its main strength were its online sales, that rose sharply.

  • icon
    Electronics8 May, 2025
    Ceconomy appoints interim CEO and CFO

    Ceconomy (MediaMarkt, Saturn) has appointed Kai-Ulrich Deissner as its new CEO and Remko Rijnders as its new CFO. Both jobs are "temporary", after previous CEO Karsten Wildberger chose to leave Ceconomy for a job in the new German government.

Events
  • 19
    Jun
    CATEGORY MANAGEMENT CONGRESS 2025
  • 17
    Sep
    CAPTAINS OF RETAIL 2025 – EDITION II
  • 25
    Sep
    RETAIL MARKETING DAY 2025
Most read
  • icon
    Food28 May, 2025
    Aldi and Lidl fight price war in Germany
  • icon
    Fashion7 May, 2025
    Zalando enters Luxembourg market with dedicated webshop and app
  • icon
    Fashion6 May, 2025
    Zalando confirms forecasts after excellent first quarter
  • icon
    Fashion5 May, 2025
    Zara plans world’s biggest store in Antwerp
Follow RetailDetail
  • socialFacebook
  • socialTwitter
  • socialInstagram
  • sociallinkedIn
footer-logo
RetailDetail, the leading b2b-retailcommunity in the Benelux, keeps retail professionals up-to-date by means of online & offline publications, retail events, inspiring retail hunts and the unique co-creation platform retailhub, where retailers and their suppliers can experience the future of shopping.
RetailDetail Mailing Address:
Kolveniersstraat 7, bus 26 2000 Antwerp
Visiting address:
Stadsfeestzaal – Meir 78 2000 Antwerp
How to reach us:
Directions
© 2025 RetailDetail
general conditions | privacy policy
Contact us About us info@retaildetail.be
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies.
Accept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the ...
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT