The data from Samsung’s Q3 earnings report, which was released today, showed the highest-ever three-month revenue total. It has increased by 4% from the previous year to KRW 76.78 trillion ($54 billion).
However, there wasn’t much-operating profit. During the three months of July through September, the corporation earned KRW10.85 trillion ($7.6 billion), 26% less than in Q2 and 23% less than in Q3 of 2021.
The Galaxy Z Flip4 and Galaxy Z Fold4, as well as the newest wearables from the Galaxy Watch5 line and the Galaxy Buds2 Pro, all had strong sales, which helped the Mobile Experience business achieve a respectable profit.
The Display division also saw a gain in profit thanks to these phones, but the earnings from the large panel sector (TVs and monitors) were actually cut in half.
Macroeconomic instability and geopolitical difficulties are expected to persist in Q4 2022. However, quarterly growth is anticipated as a result of year-end sales during the Christmas season. While wearables are expected to continue their double-digit rise, the company also plans to increase tablet sales.
In addition, Samsung stated that it intended to “improve the S-Pen experience” for 2023, which should result in an increase in sales.
