Samsung posts improved Q3 earnings thanks to strong demand for flagship smartphones

Samsung posted its Q3 earnings report and the numbers show quarterly revenue of KRW 67.40 trillion ($49.99 billion) and operating profit of KRW 2.43 trillion ($1.80 billion). The revenue figures represent a gradual decline of 12.3% on the yearly basis but are 12% up from the Q2 values while the operating profit is up over 262% compared to the Q2 values. Samsung shared its mobile division saw strong sales for its flagship models alongside healthy demand for mobile displays. Samsung’s memory business reduced losses thanks to increased demand for its products and higher average selling...

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