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Galaxy Note 10 sales boost Samsung profits

October 8, 2019

Via: Techradar

Samsung is predicting better than expected Q3 results thanks to strong sales of the Galaxy Note 10 and signs that its memory chip business is recovering.

The Korean technology giant has endured a number of difficult quarters in which operating profits have fallen significantly. The company’s latest trading profit suggests operating profit will fall 56 per cent to 7.7 trillion won (£5.3 billion) while revenues will fall 5.2 per cent to 62 trillion won (£42.2bn).

However these figures have beaten some estimates, while analysts are citing encouraging metrics for the world’s largest mobile phone manufacturer.

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