Samsung Electronics on Thursday posted financial results for the first calendar quarter ended March 31, 2017. While the South Korean conglomerate increased both revenue and profit from the year-ago quarter, the growth is attributed mainly to Samsung's lucrative components business as its mobile segment actually shrank year-over-year.
The firm appears worried about Apple's upcoming iPhone 8, cautioning that its mobile unit could suffer as “market competition is expected to intensify” in the second half of 2017.