Samsung's profit is determined by gadgets

Samsung was also pleased with its financial report today. Its quarterly profit of $47.6 billion is largely due to the strengthening of the company’s position in the mobile device market.

According to the authors of BGR, about two-thirds of the company’s revenue came from the mobile device market. As stated in the report itself, this was largely due to the high popularity of the Galaxy S III smartphone on the world market and the strengthening of positions in the market of smartphones of medium and low price categories.

So, according to the results of the third quarter of this year, the company’s net income increased by 91% for the year and by 26% for the quarter, amounting in the latter case to $ 6 billion. Samsung’s total revenue was a record $47.6 billion, operating profit – $7.4 billion. 

Write a comment...
Related news