Samsung presents its quarterly results beating record

These weeks companies from all over the world present their results for the third quarter of the year. Among these companies is Samsung. The Korean multinational presents its results breaking records. The company is experiencing a great moment. This good moment is mainly driven by its specialized processor division.

Processors drive Samsung to achieve record profits

After the debacle of the Galaxy Note 7 last year, the company has only chained good results throughout 2017. The company's income stands at 47, 656 million euros, while profits reach 11, 159 million euros. Both are record figures for the company, which represent increases of 29% and 179% compared to the second quarter of this year.

Samsung results

As we have said, the processors have been responsible for the good moment of the company. The division of Samsung in charge of manufacturing them has seen their profits triple. While revenues have risen 51%. One of the main reasons for the success of this division has been the increase in prices in the market. Something that has benefited all companies.

Smartphone sales evolve positively. The Galaxy Note 8 is selling very well, as well as the Galaxy J range. But, the income and benefits are not as expected. Mainly because users are betting on mid-range phones and not on premium devices. The display division has also seen a 17% increase in its revenue.

The results of the Korean multinational reflect the good moment that the company is experiencing. They have managed to leave behind all the problems suffered last year with the Galaxy Note 7. Although, competition in the smartphone market has intensified more than ever. But the increase in phone sales of 23% worldwide experienced in the sector invites Samsung to optimism.

TechPowerUp Font