Or chip business, Samsung Q3 operating profit of 15 billion 400 million U.S. dollars, innovation high

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 Or chip business, Samsung Q3 operating profit of 15 billion 400 million U.S. dollars, innovation high


Netease Technologies News October 31, according to foreign media reports, local time Wednesday, South Korea Samsung Electronics announced quarterly results, due to strong market demand for its memory chips and other components, operating profit hit a record high.

Samsung not only uses its own chips on its own devices, but also sells products to customers such as apple. Samsung said its operating profit in the third quarter was $15 billion 400 million, an increase of nearly 21% over the same period last year. In addition, Samsungs revenue reached $57 billion 480 million, an increase of 5.5% over the previous year.

Samsung said in a statement: In the third quarter, the companys operating profit hit a quarterly high, mainly due to the continued strong demand for storage business.

Overall, Samsungs chip business grew 37% to $11.98 billion, while revenue rose 24% to $21.75 billion over the same period.

Samsung is known as the worlds largest maker of mobile phones and televisions, but it also sells more memory chips than any other company in the world. Last year, Samsung beat Intel, the long-term leader, to become the worlds largest chip maker with the highest revenue.

At the same time, Samsung smart phone departments performance is not very good. In the third quarter of this year, Samsungs mobile phone operating profit fell 32% to $1.94 billion, compared with a 10% drop in revenue over the same period.

Samsungs flagship cellphone products, Galaxy S9 and S9Plus, went on sale March 16 with better cameras and sound, but sales were not optimistic. In the second quarter, the first full quarter of Galaxy S9 sales, Samsung actually lost more market share than other major handset makers. Samsung said sales of Galaxy S9 and S9Plus were robust in the quarter, but profits were hampered by flat sales of low-end handsets, rising marketing costs and negative currency effects. Samsung expects smartphone shipments to rise in the fourth quarter, but warns that higher marketing costs could hurt profits. Samsung shipped 10% fewer smartphones in the second quarter than in the same period in 2017, market research firm Strategy Analytics quoted the latest data in July. Overall, the global mobile market fell 3% in the second quarter, mainly due to extended user replacement cycles, reduced operator subsidies and a lack of new hardware design innovation. (Han Bing) source: NetEase science and technology report editor: Wang Fengzhi _NT2541

Samsungs flagship cellphone products, Galaxy S9 and S9Plus, went on sale March 16 with better cameras and sound, but sales were not optimistic. In the second quarter, the first full quarter of Galaxy S9 sales, Samsung actually lost more market share than other major handset makers.

Samsung said sales of Galaxy S9 and S9Plus were robust in the quarter, but profits were hampered by flat sales of low-end handsets, rising marketing costs and negative currency effects.

Samsung expects smartphone shipments to rise in the fourth quarter, but warns that higher marketing costs could hurt profits.

Samsung shipped 10% fewer smartphones in the second quarter than in the same period in 2017, market research firm Strategy Analytics quoted the latest data in July. Overall, the global mobile market fell 3% in the second quarter, mainly due to extended user replacement cycles, reduced operator subsidies and a lack of new hardware design innovation. (Han ice)