GSMArena.com - Latest articles: Samsung posts record Q3 profit, expects a much tougher year to follow

GSMArena.com - Latest articles GSMArena.com is the ultimate resource for GSM handset information. This feed contains the latest articles (news and reviews) in chronological order.

Samsung posts record Q3 profit, expects a much tougher year to follow Oct 31st 2018, 19:00 Samsung posted its quarterly report for Q3 and again smashed its own record by reaching KRW65.46 trillion ($57.3 billion) in revenue and KRW17.57 trillion ($15.4 billion) in operating profit. However, the Korean company realizes the money flow will likely decrease going forward due to the end of a two-year boom in memory chips demand. The IT & Mobile Division, responsible for the Galaxy smartphones, recorded a 10% YoY decline in sales to KRW24.91 trillion ($2.2 billion) compared with KRW27.69 trillion ($2.4 billion) in Q3 2017 despite "solid flagship sales." The semiconductor...

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