Curious: Samsung reports record sales – and the iPhone XS is to blame

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Curious: Samsung reports record sales - and the iPhone XS is to blame

Samsung: iPhone XS as a profit-maker

In the third quarter of the year, the South Korean group Samsung Electronics has set a new record. In the end, a profit of the equivalent of 13.4 billion euros in the books, which means an increase by a whopping 20.4 percent year on year. Sales have also risen to a record 50 billion euros. A full report on the provisional figures Samsung would like to submit at the end of the month.

There are two reasons why Samsung’s profits have increased so much. For one thing, stores with memory chips are dazzling. Samsung supplies many other companies with memory components. In addition, the business with Apple is even better than before. Samsung manufactures the OLED displays that are used in the iPhone XS and iPhone XS Max . 25 to 30 percent of all OLED displays produced by Samsung are sold to Apple. Last year, Apple generated about 10 percent of Samsung’s total profit. Other smartphone manufacturers such as LG can be supplied by Samsung.

Samsung are practically torn out of their hands, the smartphone business runs a little less well. Compared to last year, less gratifying figures can be expected in this area. Sales of the Galaxy S9 already fell short of expectations in the second quarter of 2018. Meanwhile, it has dropped significantly in the price, Even the Galaxy Note 9 should not be able to change the helmet.

Although in the summer of 2018, 83 percent more. It looks different here at Apple: While iPhones are generally used more often than Samsung smartphones, but Apple makes with each unit twice as much as Samsung.

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