Samsung posts highest revenue ever after boost in flagship phone sales

Samsung Electronics has announced quarterly earnings for the July-September 2020 period, making 66.96 trillion won in revenue and 12.35 trillion in operating profit. That’s the highest quarterly revenue figure ever for the Korean electronics giant, which says that it was able to meet a boost in customer demand following COVID-19 disruption.

“Even as the COVID-19 pandemic continues around the world, reopening of key economies led to significant increase in consumer demand,” Samsung says in a statement. “Samsung Electronics was able to respond aggressively through flexible global supply chain management, reporting its highest-ever quarterly revenue.”

Continue reading…