Samsung in for a profitable third quarter thanks to mid-range devices

Updated : Oct 08, 2020 12:17
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Editorji News Desk

Samsung Electronics has announced its earnings guidance for Q3 2020, placing the South Korean firm at a 58% higher operating profit from the previous year. Reports say a higher volume of sales in the mid-range Android market have given Samsung the confidence to project an operating profit of $10.6 billion in Q3. Moreover, a "rush order," for chips from Huawei has been reported as well, with the Chinese tech giant stockpiling hardware ahead of US trade restrictions being put in place.

Samsung Electronics

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