Samsung reports record revenue but 24% decline in profit in Q3

Samsung posted its Q3 earnings report today, and the numbers revealed the most revenue ever recorded for this three-month period. At KRW 76.78 trillion ($54 billion) it is 4% higher, compared with last year. The operating profit was not great though. The company made KRW10.85 trillion ($7.6 billion) between July and September, which is 23% less than in Q2, and 26% lower than in Q3 2021. The Mobile Experience business posted solid profitability, driven by the good sales of foldables such as Galaxy Z Flip4 and Galaxy Z Fold4, as well as the new wearables Galaxy Watch5 series and the...

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