Samsung Unveils its Q3 Report of 2015

Samsung, the South Korean company, has recently announced the quarter report of this year. According to the report Samsung has earned record breaking profits during July-September quarter of the current year 2015.

According to the details, the total profit for the third quarter has reached to 7.3 trillion (around $6.3 billion) which is even higher than the forecasts made by the analysts.

Samsung Unveils its Q3 Report of 2015

According to the report the sales are found to be increased up to 7 percent during the said period, accruing a good sum of 51 trillion won ($43.9 billion) for the company.

Also Read: Samsung Dazzles the Bridal Couture Week 2015 in Lahore

Samsung has not gained profit from the smartphones division just like the previous quarters. From smartphone division company is again declined. How so ever company gained profit from the other component businesses this time and majority of them are sold in U.S. dollars which are enjoying a higher currency rate as compared to the Korean Won.

However, the company is trying hard to maintain its market share in the smartphones segment just like Apple, Huawei and Xiaomi but unfortunately could not do so.

But interestingly, the share price of Samsung Electronics has also gone to 8.7 percent which is the highest gain for the company after consecutive six years. The company has announced to publish detailed results for the third quarter later this month.

Also Read: Mobilink Becomes an Exclusive Operator Launch Partner for Samsung’s Galaxy Note 5 and Galaxy S6 Edge Plus

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Onsa Mustafa

Onsa is a Software Engineer and a tech blogger who focuses on providing the latest information regarding the innovations happening in the IT world. She likes reading, photography, travelling and exploring nature.
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