| Thread Tools |
1st November 2019, 08:05 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,650
| Samsung has record smartphone profit Best mobile business profit in six quarters Strong sales of the Galaxy Note 10 smartphone helped Samsung report its best mobile business profit in six quarters in the three months ended in September. Samsung said its mobile business posted a 32 percent rise in operating profit to $2.5 billion in the third quarter, the highest since the first quarter of 2018. But Samsung warned that fourth-quarter mobile earnings would decline as marketing costs rise and sales of flagship models soften from their post-launch peaks. Lee Jong-min, Samsung’s vice president of the mobile communications business, told an earnings call that mobile was on a downward trend. “Although the mobile market will soon enter a period of strong year-end seasonality, demand is expected to keep trending down year-on-year due to persistent uncertainties in the global macro environment”, he said. Samsung is betting on growth in the markets for 5G and foldable phones next year. https://fudzilla.com/news/49702-sams...t-phone-profit |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Samsung could be heading for a 50 percent profit drop | Stefan Mileschin | WebNews | 0 | 11th October 2019 04:44 |
Samsung likely to profit as chip prices stabilise | Stefan Mileschin | WebNews | 0 | 7th October 2019 07:52 |
Samsung sees its Q1 profit drop 60 percent from last year's record | Stefan Mileschin | WebNews | 0 | 5th April 2019 12:43 |
Samsung Electric profit growth slows | Stefan Mileschin | WebNews | 0 | 31st July 2018 15:28 |
Samsung's Galaxy S9 couldn't keep profit growth on pace in Q2 | Stefan Mileschin | WebNews | 0 | 6th July 2018 09:25 |
Samsung expects to post record operating profit for Q1 2017 | Stefan Mileschin | WebNews | 0 | 7th April 2017 07:03 |
Samsung's highest profit in two years comes thanks to the S7 | Stefan Mileschin | WebNews | 0 | 10th July 2016 14:08 |
Samsung expects big profit jump | Stefan Mileschin | WebNews | 0 | 7th April 2016 16:30 |
Samsung operating profit up 85 percent | Stefan Mileschin | WebNews | 0 | 8th October 2012 07:16 |
Intel report record year with 11.7 billion dollar profit | jmke | WebNews | 0 | 18th January 2011 13:23 |
Thread Tools | |
| |