Samsung Q2 report reveals improved profit from chips and phones despite COVID-19

[GSMArena]

Earlier today we learned Huawei was the leading smartphone manufacturer in Q2, while LG Mobile keeps losing ground. Samsung also released its full financial report for Q2 2020, and despite dropping from the lead in the smartphone race the overall numbers are good. Profit increased both sequentially and on yearly basisdue to strong demand for memory chips, while the Mobile business also reported improved operating profit despite 20% decline in revenue. The IT & Mobile Communications Division posted KRW20.75 trillion ($17.3 billion) in consolidated revenue and KRW1.95 trillion ($1.63...

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