Samsung Brings In $7.4 Billion In Latest Quarterly Earnings Report
Samsung's solid performance is mainly attributed to increased sales of handheld phones and stronger demand for display panels. The Mobile Communications Business posted 26.25 trillion won in revenue for the quarter, accounting for more than half of Samsung's total revenue. As for the display panel segment, increased shipments of Organic Light-Emitting Diode (OLED) and Liquid Crystal Display panels used in tablets and smartphones, as well as TVs drove up profitability.
Boosted sales of Galaxy products no doubt attributed to the increase, thankfully overshadowing weaker semiconductor sales. More details can be found in the full release below.