Samsung, Seeking to Move Past Scandals, Forecasts Record Profit<br />By AMIE TSANGJULY 7, 2017<br />Samsung Electronics, the South Korean technology giant, has spent nearly the past year mired in an<br />array of crises — from its exploding smartphones to its heir apparent on trial for corruption.<br />Profit surged to 14 trillion won, or about $12 billion, in the second quarter of this year, a 72 percent<br />increase compared to the period a year ago, the company said in its preliminary earnings statement.<br />The earnings guidance marked a welcome piece of good news for a company<br />that has largely made headlines recently for the failure of its Galaxy Note 7 smartphone and the trial of Lee Jae-yong, the conglomerate’s de facto leader.<br />Earnings were also bolstered by a strong reception for Samsung’s latest Galaxy S8 phone,<br />and by the company’s display division, which produces the organic light-emitting diodes, or OLEDs, which are used in increasing numbers of displays.
