Samsung to see an 18% increase in profits in Q3 2018

October 2nd, 2018   decode   Android 7.1

Samsung is expected to announce its guidance earnings later this week and analysts expect more impressive results. According to a report from Reuters, the chip business did a stellar job and helped the company to an 18% overall increase in profit and 3.7% increase in revenue. The smartphone business, however, will see its operating profit drop for a third consecutive quarter.

The July-September period marks the end of a two-year cycle of tight supply for some types of chips and the trend reveals a spike should be expected in the last quarter. The preliminary results, expected on…

Written by decode

Website:

Comments are closed.