Samsung records 58% higher operating profit in Q3 2020


8, 2020

Samsung has released the earnings guidance (via SamMobile) for Q3 of 2020 and despite global pandemic, the company managed to record 58% higher profits as well as an increase of 6.45% in sales.

The profit guidelines are not final but they are a consolidated profit estimation according to the sales numbers. Samsung is expected to release the final report by the end of this month. Moreover, Samsung has not revealed the profit breakdown but the company saw an increase in the sales of home appliances, semiconductor chips, and smartphones that could have let to an increase in the profits.

Lastly, Samsung also saw a boost in the sale of its budget-friendly smartphones in countries like India. Samsung has recording solid sales of its M-series and A-series smartphones that contributed to the higher operating profits for the company.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}