TweakTown

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.

@anthony256
Anthony Garreffa
Published Thu, Oct 29 2015 3:17 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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 returns to operating profit, after 7 quarters of decline | TweakTown.com

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.

NEWS SOURCE:theverge.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles