Samsung Expects Record Quarter, Plans to Invest Billions in Next-Gen Components

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Samsung has posted guidance for the second quarter of 2017. The company expects profits to jump more than 70% over the same quarter last year, which would place it ahead of analyst estimates.

Samsung also expects revenue to be up 18% to 60 trillion won—again, just ahead of analyst estimates.

If the company is accurate in its self-assessment, this could be a record quarter for the electronics giant. However, investors remained unmoved by the guidance; Samsung’s stock was stagnant following the news.

Samsung also reinforced intentions to invest billions in research and development in order to maintain its lead in manufacturing chips and displays for mobile devices. And rumors suggest that the company plans to unveil a new smartphone in August.

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