Samsung has reported its earnings for Q3 2020 that ended September 30, 2020 in which the company has made revenue of 66.96 trillion won, an increase of 8% YoY. Operating profit rose to 12.35 trillion won, up 58.74% YoY and 51.5% QoQ and net profit rose to 9.36 trillion won, up 48.8% YoY. This is due to stronger sales of memory chips and consumer products. It expects decline in profits in the fourth-quarter due to weak demand and growing competition. Continue reading “Samsung’s Q3 2020 profits up 58.74% YoY, mobile profits up 52.4% YoY”