Tech content trusted by users in North America and around the world
7,253 Reviews & Articles | 52,649 News Posts

Samsung returns to operating profit, after 7 quarters of decline

Samsung reports its Q3 earnings, with a return to profit, the first time since the Galaxy S4
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Oct 29, 2015 8:17 am

Apple only just reported its best quarter ever, with its main rival Samsung posting its Q3 2015 results. The company didn't do as well as Apple, but it did good enough in the quarter to return to an operating profit, after seven straight quarters of decline.




Samsung posted $6.42 billion in operating profit for Q3, up from the $3.6 billion from the same time last year. The company saw its net profit and sales jumping year-over-year, with its net profiting rising from $3.7 billion in Q3 2014 to $4.8 billion in Q3 2015. As for sales, Samsung saw them lift from $41.7 billion this time last year, to $45.6 billion over the last three months.


The company attributes the revenue increase to its semiconductor and display panel businesses while its operating profits increasing $440 million thanks to a weaker exchange rate between South Korea and other important currencies. Samsung reported a "significant" increase in sales of the Galaxy Note 5, Galaxy S6 edge+, Galaxy A and Galaxy J smartphones. The price reduction on its Galaxy S6 and Galaxy S6+ smartphones decreased profits in year-on-year profits.


Related Tags

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