Samsung’s profits are up in Q3 thanks to the Galaxy Note 5 and Galaxy S6 Edge+
Samsung’s 2015 Q3 earnings are in. They brought in 51.68 trillion won ($45.2 billion) total with an operating profit of 7.4 trillion won (around $6.46 billion). This is up quite a bit from the previous 4.1 trillion won only a year ago.
Samsung makes many products, but it’s mobile division specifically brought in 26.1 trillion won ($22.8 billion) with an operating profit of 2.4 trillion won ($2.1 billion). Again, also up from last year’s 1.75 trillion won ($1.53 billion). Samsung has said that the huge growth was specifically from the Galaxy Note 5 and Galaxy S6 Edge+.
Samsung does not expect it’s Q4 results to be as good and hopes to just maintain. It also expects the growth rate of smartphones to continue to decline in 2016. To counter this, Samsung plan on cutting down on phone models and having a more focused approach.
Aside from phones, Samsung will keep pushing TVs and wearables. They are also working on transparent and mirror displays for cars. Possibly unveiling them in CES this January.
Source: Samsung
Come comment on this article: Samsung’s profits are up in Q3 thanks to the Galaxy Note 5 and Galaxy S6 Edge+
AIVAnet 