TweakTown
Tech content trusted by users in North America and around the world
6,000 Reviews & Articles | 38,738 News Posts
TRENDING NOW: Intel's Core i7-5960X CPU has already been overclocked to 6.2GHz

Samsung's Q3 operating profits of $9.6 billion is a new record

Samsung posts yet another record profit, this time for Q3 at $9.6 billion, thanks its memory and cheap Galaxy handsets (KRX:005930)

| Business, Financial & Legal News | Posted: Oct 25, 2013 9:31 am

While other companies seem to be struggling to post massive profits and keep their share prices high - I'm talking about Apple, folks - its biggest competitor has just posted another record high in operating profits.

 

TweakTown image news/3/3/33576_08_samsung_s_q3_operating_profits_of_9_6_billion_is_a_new_record.jpg

 

Samsung has just posted its earnings for the Q3 period, with profits of $9.6 billion setting a new record high for the South Korean giant. The increased profits are thanks to its cheaper Galaxy smartphones, as well as profits from its memory side of things - such as Flash storage and RAM. Samsung has seen increased demand for its chips in the upcoming next-gen consoles, smartphones, servers, PCs and much more.

 

The company is seeing less profits on its TVs as prices continue to drop, but sales of its 60-inch and higher TVs are said to be growing.

NEWS SOURCES:Engadget.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases