Samsung has published its financial results for the third quarter of this year and as it turns out after seven quarters of decline at the end of the company can boast an increase in operating profit. This was in fact 6.46 billion, which is far better than the 3.8 billion that was achieved in the same period last year (but up to 9.6 billion USD from 2013 years still a lot lacking).
Improved with other statistics, as net income rose from $ 3.7 billion to $ 4.8 billion and revenues of 41.7 billion USD to 45.6 billion USD. This is mainly thanks to the departments responsible for the production of displays and semiconductors, but also dropped slightly better department mobile devices. In this case, Samsung increased its revenue, but reduce the price of the flagship models of the Galaxy family S6 meant that profits were lower than last year. Samsung expects to improve in the last quarter of this year, but is aware of the increased competition from new low-cost iPhones and smartphones in China.
According to the company, plans are to now focus on “maintaining” these results, which means that the company does not see a chance to soon return to record results prior to 2 years. Moreover, the Koreans intend next year to buy back shares in the company worth $ 10 billion, and we expect to increase our activity producer on the television market and new wearable devices. More details will be announced at CES that traditionally take place in January.
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