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Samsung’s Mobile Sales Goes Up By 51 Percent During Q3

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 Nigerians Now Buying More Second-Hand Phones As Samsung Cut Production By 30 Million , Samsung’s Mobile Sales Goes up by 51 Percent during Q3

Samsung has managed to record a profitable quarter despite the grasp of the pandemic.

The sales of flagship devices like the Galaxy Note 20 and Z Fold 2 contributed greatly to the success.

There has also been a spike in demand for mainstream Smartphone models over the last couple of months.

In comparison, Samsung’s profitability during Q3 2020 edges out that of 2019 by roughly 51 percent.

This result also aligns with Samsung’s projection that investors should expect a higher profit for Q3 2020.

  Samsung’s Mobile Sales Goes up by 51 Percent during Q3

Source: Cnet

However, Samsung’s mobile business is not the only profitable venture, as the display business also experienced a similar boost.

ALSO READLee Kun-Hee: Samsung Chairman Is Dead

According to the report, Samsung’s display business accounted for about $8.2 billion in operational profit.

In comparison, the display business grew up by 52 percent from Q3 2019.

Samsung attributed this particular success to the sales of screens to other mobile makers like Apple.

For instance, Samsung provided the OLED display used in Apple’s latest flagship iPhone 12 lineups.

Profitability may decline in Q4

Projections from industry experts from CNBC and Bloomberg already suggest an otherwise scenario for Q4.

According to these experts, the company should anticipate a decline in profit due to the stiff and competitive market.

Just a few weeks into the Q4, rivalry brands like Apple, Google and Huawei have also released various flagship devices.

However, it is expected that the demand for Samsung’s devices may reduce as potential buyers are provided with more options.

ALSO READ: Samsung To Debut Next Galaxy S Phone In January 2021

In an attempt to stay afloat, Samsung is reportedly looking towards another direction.

The tech giant wants to push more 5G, more advanced display tech as sported in the foldable phones.

  Samsung’s Mobile Sales Goes up by 51 Percent during Q3

Source: Digital Trends

Similarly, Samsung plans to launch TV screens that employ the latest Quantum dot technology in 2021.

Samsung Q3 success comes shortly after the demise of Chairman 

Recall that  Samsung Chairman, Lee Kun-Hee died on Sunday, October 25, 2020.

He died at age 78 after decades of transforming the company into a tech giant.

While he was still alive, the company met the International Organization for Standardization requirements for its Walking Assist Robot.

This made the South Korean company the first in the region to bag the ISO 13482.

The certification was obtained from the Korean Institute For Robot Industry Advancement (KIRIA).

In his appreciation, the company reportedly burned over 150,000 handsets.

Samsung has proven yet again to be worth its current position in the mobile industry.

The tech giant reported one of the most profitable quarters amidst global uncertainties.

Indeed, it is a very strong legacy that the demised Chairman left behind.

Oyinloye Bosun is a writer at Techuncode. Although not a gadget freak, he has a keen interest in familiarizing himself with every technology product - software or hardware. He also loves to arm himself with the knowledge of tech activities/events taking place both on the Local and International scenes. The provision of the above has pushed him to choose writing as a profession. Wondering if he has a hubby? Yes! He loves streaming tech-related podcasts in his spare time.

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