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Thursday, 31 October 2019

Samsung Q3 profits drop, but mobile division excels

Samsung is the latest company to issue its Q3 financial report and the results show a 56% decrease in year over year operating profits. During the July-September period, the company racked in just KRW 7.78 trillion ($6.58 billion) in profits down from KRW 17.57 trillion ($15.04 billion) last year. The sizeable drop is caused due to the slumping semiconductor market and weak demand for memory chips. On the flip side, smartphone profits fared better with solid sales of the Galaxy Note10 and A series helping push the mobile division to KRW 2.92 trillion ($2.5 billion) profit, which is 32%...

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Author: via Bestsoftpro

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