In the third quarter the profit of Samsung fell by 56%Anna Saveleva | 08.10.2019
At the end of this month the company will release a report that likely will see a drop in profits compared to last year, but the results are still a little better than expected. On
help came smartphones Galaxy 10.
Brisk sales of the Galaxy Note 10 has helped some to rise despite recent events and the decline in the market of memory chips. The profit of the company for the quarter July to September will be most likely
7.7 trillion won (6.44 billion us dollars), still higher than expected to 7.1 trillion won. A year ago in the same quarter Samsung earned of 17.57 trillion won.
According to the company, sales of 5G smartphones exceeded 1 million in South Korea, which makes the Galaxy Note 10 the best-selling flagship model. Recall that the launch took place on 23
Aug. At the same time, consolidated sales for the three months amounted to 62 trillion won, which is 5.3% lower than a year ago.
Most likely this will be the third consecutive quarter in which Samsung’s operating profit more than halved year-on-year. The company believes that the market for memory gradually comes to her senses and 2020
the year will be for her good.
Samsung shares rose 0.84% on Tuesday. On the background of the us ban on Huawei, Samsung certainly wins and enjoys the ability to freely enter the U.S. market without the pressure of a competitor,
than likely she will continue to use it.
the financial results of companies
Samsung
