Things are looking better for Samsung following the release of its July-September 2024 financial results, with sales and operating profit improving year-on-year. The DS division, which consists of the memory, system LSI and chip businesses, contributed significantly to this increase. Overall the group saw a 78% increase in sales and a 200% jump in overall profits which translates to 3.86 trillion. KRW.
The MX business, which sells Galaxy phones, tablets and accessories, scored moderately sales growth of 2%, but had a 14.5% drop in profits as the market was affected by global inflation.
Samsung notes a slight increase in demand for its own smartphones in the third quarter. Sales numbers were high due to improved flagships and despite material costs, profit improved sequentially.
Expectations for the next quarter are that the market will grow further due to seasonality, which includes the holiday season in Western Europe and the US — deals for Thanksgiving, Black Friday and Cyber Monday, Christmas and New Years.
Memory segment activity remains strong, driven by companies’ investments in artificial intelligence and conventional servers. Some inventory adjustments impacted mobile demand, leading to increased channel inventory and readjustments in shopping demand.
The outlook for the future is that the market trend will remain similar. However, geopolitical issues and stimulus packages could affect everything.
(via)
Source: myphone.gr
