Samsung’s Q3 2024 financial report is solid but not altogether rosy, with every division yielding a profit, high-end smartphones in particular looking good, but memory chips doing weaker business than usual.
Samsung is out with yet another bittersweet financial report, generating higher total revenues but lower profit scores in Q3 2024 compared to the previous quarter. If we extend the comparison to the same July-September timeframe of last year, the multifaceted tech giant can certainly be pleased with its great progress across the board, jumping from a quarterly revenue of KRW 67.40 trillion and an operating profit of under 2.5 trillion won to over 79 trillion won earned and a net gain of KRW 9.18 trillion.
Those July-September numbers for this year roughly equate to 57.4 billion US dollars and $6.6 billion, and although Samsung’s profit in Q2 2024 exceeded 10 trillion won, the company can definitely be happy with its latest overall financial performance, as well as the individual performances of all of its divisions and departments.Samsung’s foldable and S24 series sales are expected to remain «solid»
The «MX and Networks» Business, which is the larger division that encapsulates Samsung’s smartphones, yielded a profit score of KRW 2.82 trillion on a revenue of KRW 30.52 trillion in Q3 2024. How solid are those results? Extremely solid if you compare them with the KRW 27.38 trillion revenue and KRW 2.23 trillion profit of Q2 2024, but less so if you look at the company’s Q3 2023 report.
Back then, Samsung somehow managed to squeeze 3.
