Samsung made money in Q3 by shipping a lot of smartphones

After big numbers from Apple, Microsoft and Google, of course we should move to Samsung to cover its digits. After all, talking about the declining shipments, the iPhone’s comet chasing and a chaebol in a commandeering crisis.

(Drop below for the deets on Samsung shipments, but first, some bits of its Q3 earnings.)

Earnings

Nevertheless, good news for the most part as Samsung revenues went up 9 percent year-over-year to the US currency equivalent of $45B. Operating profit, while down in sequential quarters, remains a vast improvement from last year: Nearly $6.5B this year versus $4.2B in 2014.

Samsung’s seeing the fruit of its spooling up in the semiconductor unit with all the Exynos chipsets its pushed out as operating profits grew by more than 7 percent from last quarter and 62 percent from Q3 ’14.

The story is the same for its displays unit: operating profits came up from $52.5M last year to $813M this year. That figure also represents a 72 percent improvement from the second quarter. 30 percent more OLED screens went out the factory this quarter compared to last.

The mobile unit saw a 13 percent decline in operating profits from last quarter to $2.1B, but it’s good enough for 37 percent gain on last cycle. Big shipment drivers included the Galaxy S6 edge+, the Note 5, the A8 and the J5. It took a hit on profits, though, by dropping the Galaxy S6’s price.

Samsung is also buying back and removing $10B of its own stock. It’s also mapping out spending increases by 14 percent.

While the numbers didn’t meet analysts’ expectations, the figures are good enough for Samsung’s stock as it is back up to levels not seen since May.

Shipments

IDC has also come out with a new shipment report for the quarter with Samsung firmly on top. It bested volume from this period last year by 6 percent to come out at 84.5 million shipments, worth about a 24 percent share of this quarter’s total.

Apple comes in second with 48 million shipments or 13.5 percent of them. Meteor du jour Huawei takes 7.5 percent of the market with 26.5 units out the door. Interestingly, the combined Lenovo and Motorola properties come in at fourth. Comparison numbers, however, can’t really tell a story for the two, as Motorola still had only just been officially absorbed by Lenovo at the end of Q3 last year.

In the end, Apple has a 22 percent gain over last year. It’s 61 percent for Huawei and 11 percent for Lenovo. Total shipments for the industry surged up by 6.8 percent year-over-year to just over 355 million.

All in all, what a Thursday so far for Samsung.

Source: Samsung, IDC, Bloomberg
Via: MobileSyrup

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.