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Samsung Growth Sees $6.3 Billion in Profit through Third Quarter


News by Pablo Jimenez on Thursday October 08, 2015.

samsung news · industry news · pablo jimenez

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It's been a tough couple of years for Samsung. While the company has managed to stay at the top of the smartphone market, there have been consecutive quarters of tumbling profits and declining sales. However, the company's third quarter saw the company finally return to growth, and while profit is not as high as it was when Samsung's was at its dominant peak they are hugely encouraging.

Indeed, the South Korean powerhouse raked in $6.3 billion in overall profit off revenue of $43.9 billion, both hugely impressive figures. Samsung returning to solid growth means the company's restructuring plans are coming good and Apple remains the only company in the mobile industry to make more money than Samsung.

A streamlined (yet still bursting at the seams) product line and a change to premium hardware has helped Samsung recover, which this year has been the best flagship line up from the company since the Galaxy S3. While Galaxy Note smartphones have been consistently excellent in recent years, the flagship S range has suffered even though sales remained good. The Galaxy S6 and Galaxy S6 Edge put Samsung on a new path and it seems consumers have responded to make the company significantly grow.

 
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