Thursday, 18 October, 2018

Samsung Electronics Q3 operating profit jumps 20.4% to record W17.5tr

Samsung Note 9 Save Save Samsung revealed its new Note 9 smartphone this
Mandy Jefferson | 07 October, 2018, 16:43

The South Korean electronics maker said Friday it expects to pull in as much as 17.6 trillion won ($15.6 billion) in operating profit for the three months ended in September.

The firm expects consolidated sales will reach around 65 trillion won in the three months to September, up 4.8% on a year ago.

A sweltering summer in the country fueled an increase in air-conditioner sales for Samsung's consumer electronics division, according to Kim. The projected sales are KRW 64-66 trillion, which equates to around $57.5 billion.

Nintendo has patented a working Game Boy shell for your smartphone
Judging from the button placements, this smartphone shell might be used to play games for the original Game Boy. Unfortunately, touch screen controls have always been a barrier with tactile buttons reigning supreme.


The estimated operating profit exceeds the previous market consensus of 17.1 trillion won. Lower than expected sales of its flagship Galaxy S9 ensured this prediction came to pass, with the quarter bringing Samsung's slowest profit growth in more than a year. Motorola Moto G7 Specifications Leaked Online; Render Video Reveals Design Ahead of Official Announcement. The group reports its fourth-quarter earnings on November 1. The division's ratio of operating profit to revenue may have recorded a whopping 53 percent, market watchers said. Analysts say that the company's chip business has once again been its biggest earner, responsible for 80 percent of its revenue-a result of high demand from data centers and improved production yields. Honor Dussehra Sale: Massive Discounts & Exciting Offers on Honor 9N, Honor 7S & Other Honor Smartphones. It was slightly down from a year earlier. Nobel Prize-Winning Physicist Sold His Medal for Dollars 765,000 To Pay Hospital Bills.

For 2018, the company is forecast to earn operating profits of 65 trillion won, well north of the 53.6 trillion won from 2017, Yonhap reported.

After his release, Lee joined South Korean President Moon Jae-in at the opening ceremony of a new Samsung Electronics $650 million smartphone plant in Noida, India, in July. Nokia 7.1 Smartphone With PureDisplay Launched; Price, Features, Specifications: All You Need to Know. However, the industry expects a revitalized smartphone business next year. Truth be told, it hopes to post record profits for Q3 2018.

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