Samsung’s Profits Soar by 933% to $4.8 Billion In Just Three Months

It was reported that Samsung made 71.92 trillion won, which is about $52.08 billion. When compared to the same time last year, this is a 17% rise.

An even bigger surprise is the huge 933 percent rise in running profit. Samsung’s profits have gone up because different parts of the company are doing well. As an example, Samsung’s smartphone business made $24.27 billion, or 33.53 trillion South Korean won, and had a running profit of $2.54 billion.

Samsung had some problems with its mid-range smartphones, but the Galaxy S24 series was a big hit and helped the company make a lot of money.

Samsung says that optimizing its resources is the reason it continues to make a lot of money. In other words, they’ve been looking for ways to save money, like getting the chips in their phones for less money. Like when they released their newest premium phones, the Exynos 2400 and Snapdragon 8 Gen 3 models, it saved them money and helped them make more money.