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 (~$59 billion) in revenue and 12.35 trillion (~$11 billion) 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."
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