Samsung is once again expecting more sales and profits for the upcoming final quarter of 2015. The South Korean giant recently revealed its financial results for Q3 2015, which showed larger numbers than initially predicted. Sales for Samsung have climbed up to 51 trillion Won for the latest quarter compared to 47.4 trillion in Q3 2014 for an increase of roughly 7.6 percent.
As the world's largest smartphone maker, profits are also up during this latest quarter to 7.3 trillion Won compared to 4.1 trillion Won in Q3 2014. This corresponds to a profit increase of roughly 78 percent and amounts to more than 5.5 billion Euros in total.
Industry observers are surprised by Samsung's performance numbers as they are well above initial figures from analysts. Most expected the manufacturer to take a dip in sales due to the surge of Chinese smartphones in Asia. However, the company's thriving semiconductor and display sectors are having no issues keeping the ship afloat.
Allen Ngo - Lead Editor U.S. - 5076 articles published on Notebookcheck since 2011
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.