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Samsung: profits rise despite scandals



The profit of the South Korean electronics manufacturer Samsung Electronics rose in the first quarter to the highest level and more than three years.



28.Apr.17 1:39 AM
By Christina Orlina
Photo Toinnov.com

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Samsung: profits rise despite scandals
The profit of the South Korean electronics manufacturer Samsung Electronics rose in the first quarter to the highest level and more than three years. Profit was $ 8 billion.

The greatest demand among consumers use the microprocessors. In the IT and mobile segment revenue decreased by 15% yoy. The company expects said that in 2017 the demand for update smartphones middle and upper price segments will increase, despite the increased competition.

Amid reporting of the company's shares rose nearly 3%.The last six months have been challenging for Samsung because of the corruption scandal, which involved the CEO, Jay Lee, and due to faulty phones Galaxy Note 7.



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