Samsung Expects to Post Profits for the First Time in 2 Years in Q3 2015

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Times have been tough for Samsung Electronics in recent years. The last time the company made profits was in Q3 2013. In an earnings guidance report the company released, it expects its operating profit to stand at 7.3 trillion Korean won in Q3 2015, an 80% increase from a similar period last year.

Samsung hasn’t disclosed the major driver of the earnings boost but the company is said to have made a lot from its chip and display divisions which count Apple and several other major names as clients. Even though its profit margins aren’t expected to have increased by much, Samsung’s mobile division is thought to be back on track thanks to the momentum gained after the company slashed pricing of its early 2015 flagship smartphones, the Galaxy S6 and S6 Edge. Budget smartphones sold in emerging markets are also likely to have driven sales up.

 

Source: Samsung

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