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Samsung is smashing it with record profits, despite a corruption scandal

July 27, 2017

Samsung has shrugged off scandal to announce a record profit.

The South Korean electronics giant was propelled to record profit in the second quarter of 2017, and this boom is likely to continue into the third — just as revenue is widely expected to benefit from sales of OLED screens to Apple.

The world’s biggest maker of memory chips, smartphones, and TVs is now set to smash its annual profit record after better-than-forecast performance in its mobile business lifted April-June profit slightly above its early-July guidance, analysts said.

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