In this period, when many technology giants fell short of expectations or went into recession, Samsung managed to make its investors happy. The company has achieved the largest operating profit in recent years.
Samsung ramped up in the second quarter
According to the statement, the company earned $59.4 billion in revenue in the second quarter of the year, breaking the record of recent periods. Operating profit, on the other hand, increased 12 percent with $10.8 billion, breaking the record for the last four years.
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The firm’s semiconductor division was a historic success, generating $21.9 billion in revenue and $7.7 billion in operating profit. It was stated that there was some weakening in mobile and PC-oriented chip orders in this period.
The Display division also contributed to the picture this quarter with $5 billion in revenue and around $900 million in operating profit. The mobile division generated around $20 billion in revenue, but demand fell. The flagships made a good impression with their high profit margins in this period. The company announced that it will focus on flagships and multi-device experiences in the third quarter.
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