Blog Post

Earnings: Samsung Posts Profit Increase On Strong Handset Division

Samsung Electronics has issued its results for the third quarter, earning 2.19 trillion won (US$2.38 billion), an increase of 1 percent year-on-year but well-received as the first time in a while profits didn’t decline. Revenue was 16.7 trillion won (US$18.18 billion) up 10 percent year-on-year. Improvements in Samsung’s mobile division compensated for weakness in its semiconductor division, and “the operating margin in its cellphone division improved to 11.6 percent from 11 percent a year ago” according to the Wall Street Journal. That’s good news if Samsung managed to maintain its share of the global mobile phone market, and better news if it managed to increase that share.