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Thursday, 8 October 2020

Samsung's Q3 guidance shows record profits

Samsung’s earnings guidance report for the July - September period is out and the Korean tech giant is expecting huge profits. According to estimates, Samsung posted KRW 66 trillion ($57 billion) in consolidated sales and KRW 12.3 trillion ($10.6 billion) in operating profits. These numbers are above previous market expectations and the operating profits represent a 58% increase compared to the same period last year when the company saw KRW 7.78 trillion ($6.73 billion) in terms of profits. As usual, Samsung saw high demand for its home appliances and semiconductor chips. Smartphone...



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