Samsung has posted a 17.57 trillion Korean won (US$15.45 billion) operating profit for Q3 2018 like it expected, setting a record high for the Korean corporation. As has been the case over the past years, its chip business is the company's top earner. It made 13.65 trillion won (US$12 billion) in operating profit for the quarter from a 24.77 trillion won (US$22 billion) consolidated revenue. Samsung's mobile division also posted a 24.77 trillion (US$22 billion) consolidated revenue, but its Q3 profit was a measly 2.2 trillion won ($1.9 billion won) due to decreased sales of mid- to low-end products and increased marketing costs.
Source: Samsung
Samsung will bolster its mobile business with foldable and 5G phones posted first on https://www.engadget.com
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