The figures show that the South Korean tech giant is on course to overtake Apple as the world’ s most profitable tech .
The firm said huge sales of its new Galaxy S 8 smartphone and demand for its memory chips were behind the jump in April -June and predicted another blockbuster report for the current quarter to September.
It said operating profit soared a forecast -beating 72 . 9 percent from the previous year to 14 . 07 trillion won ($ 12 . 6 billion), compared with consensus forecasts of $ 10. 6 billion for US titan Apple, which is due to report next week.
However, Greg Roh , an analyst at HMC Investment Securities, told AFP : “Samsung has surpassed its rivals for now but Apple usually sees little fluctuation in its profits whereas Samsung’ s profits fluctuate largely on memory chip prices. ”
The world’ s top maker of smartphones and memory chips also said net profit surged almost 90 percent to 11 . 05 trillion won, its best quarterly result in five years .
“The S 8 has indeed helped get Samsung back onto its feet, hopefully putting the Note 7 debacle behind it, ” Bryan Ma, a technology industry analyst at IDC , said before the announcement .
“But we also have to keep in mind that a lot of Samsung’ s momentum is from memory and displays too, so it’ s not all about the S 8 , either , ” he said, according to Bloomberg News.
Samsung has been trying to overcome an embarrassing recall last year of its flagship Galaxy Note 7 smartphone over exploding batteries , which cost it billions of dollars and dealt a blow to its reputation .
It has also been buffeted by a scandal that has seen vice -chairman and heir Lee Jae -Yong charged in connection with the sprawling corruption scandal that brought down South Korean president Park Geun -Hye
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