Samsung has released its report on third-quarter earnings. As expected, the company has registered its first growth in profits over the past two years.
The report shows an operating profit of approximately $ 6.4 billion, which is an impressive increase from $ 3.6 billion in the same period last year. In general, the company’s revenues amounted to $ 45.6 billion, up from $ 41.7 billion in Q3, 2014.
The South Korean company said that the increase in revenue was mainly due to the semiconductor business and a segment display panel. It was also revealed that operating income increased by $ 440 million compared with the previous quarter due to a favorable exchange rate, although Samsung has made it clear he expects a slight decline in the 4th quarter, as they do not expect that the exchange rate has a positive effect .
As for the mobile division of the company, its operating profit was $ 2.1 billion, compared with $ 1.54 billion for the same period last year, but decreased compared to the previous quarter.
“The company has shown significant growth in smartphone sales in the third quarter compared with the second quarter, an increase of supply Note5, Galaxy S6 Edge + and rulers Galaxy A and J Series», – Samsung said. «However, due to price adjustments for Galaxy S6 and Galaxy S6 Edge and increased shipments of medium and low-end smart phones, revenue increased slightly and earnings declined compared with the previous quarter».
Looking ahead, the Samsung company expects sales of tablets and smartphones to improve compared with the previous quarter due to increased market demand in general.