Samsung beats industry expectations with impressive Q3 2015 sales
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.