
A report sent to clients by IBK Securities says that the Samsung Galaxy S8 and Samsung Galaxy S8+ will help the manufacturer set a new record for second quarter operating profits. After taking a big hit last year when the Samsung Galaxy Note 7 was pulled off the market after a pair of recalls, this could be a very profitable rebound for Samsung and its investors. The previous record was set during the third quarter of 2013. Back then, Samsung reported operating profits of $9.2 billion USD thanks to the launch of the red hot Samsung Galaxy S4.
This year, IBK sees Samsung producing a 49% gain ...
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