Samsung aiming to achieve highest ever operating profits next year

Samsung is aiming to achieve its highest ever operating profits next year, according to a report from Business Korea. The news arrives during one of Samsung Electronics biannual global strategy meetings, running from December 19-22, throughout which the company is expected to discuss the current market conditions and strategy for 2017.

An “official familiar with Samsung Electronics” told Business Korea that Samsung’s plans would allow it to “exceed” its record 36.8 trillion won (US$30.95 billion) operating profits from 2013. The official said that “the price of semiconductors and displays is rising and the dollar remains strong,” and that this would help Samsung “increase exports.”

Samsung was on course to smash the 30 trillion won barrier once again in 2016 before the Galaxy Note 7 cancellation caused a setback. Samsung is now working on its next flagship phone, the Galaxy S8, and has made calls for its employees to stop leaking confidential product information as it makes attempts to ensure its successful launch.