Samsung has record quarter thanks to memory and cheap Galaxys
Samsung’s Q3 results are in, and as expected, these numbers are better than ever. The Korean giant broke their own records in operating profit at $9.6 billion, though you’d assume that since they make almost every single consumer electronic in the market, this is due to their global business. As interesting as it may seem to you, this is actually the other way around.
The company’s success this quarter had mainly a lot to do with their memory chip business, and believe it or not, their low-end Galaxy phones. Their memory sales have doubled when compared to last year, as game console makers, PC and Server makers among others have kept their production growing. High-end smartphone sales are sadly flat since last quarter, but a staggering growth in entry level Galaxy Phones has secured the company’s dominance.
We just wonder how Samsung is planning to leverage this for the first quarter of 2014, as they’ll most likely not have another flagship until late Spring, and with a flat curve in smartphone growth, something needs to be done.