Samsung posts record quarterly profit despite smartphone slump

Samsung posts record quarterly profit despite smartphone slump

6 years ago
Anonymous $yysEBM5EYi

https://www.cnet.com/news/samsung-posts-record-quarterly-profit-despite-smartphone-slump/

Samsung said its third-quarter operating profit is 17.57 trillion won ($15.4 billion), an increase of nearly 21 percent from the year-ago period. Samsung also generated revenue of 65.46 trillion won ($57.48 billion), up 5.5 percent from the previous year. 

"In the third quarter, operating profit reached a new quarterly high for the company driven mainly by the continued strength of the Memory Business," Samsung said in a statement.

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