Samsung profits spike, despite the impact of the Covid-19 pandemic | Editorji
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Samsung profits spike, despite the impact of the Covid-19 pandemic

Jul 30, 2020 12:27 IST

South Korean tech giant Samsung has posted better than expected Q2 earnings, with a 23% spike in operating profit year-on-year, touching around $6.84 billion. The increase comes despite a 6% fall in revenue, with the firm stating it saw a better recovery from Covid-19 than it initially forecast. Samsung expects smartphone shipments to increase in the next quarter on the back of the Galaxy Note20 launch and an unnamed foldable device, probably the next generation Galaxy Fold.

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