Samsung announced on Thursday better-than-expected revenue that it has benefited from the coronavirus outbreak.
Second quarter sales declined 5.6% year-on-year to 53 trillion won, however, in line with a steady revenue source, they increased 23.5% to 8.15 billion won (US$1.1 billion – 1.196 billion won). Oconsistente with a margin of 15.4 consistent with penny, the highest since the fourth quarter of 2018. First-half sales totaled 108.3 trillion won, year after year solid, but consistent with an increasing profit 13.8% to 14.6 billion won.
Computer chips have been the main driving force for counterfeit profits. The semiconductor department reported an operating revenue stream of W 5.43 trillion, an increase of 60% year-on-year and representing 67% of the company’s overall operating profit this quarter.
Demand for fleas has skyrocketed due to telework and courses amid the coronavirus outbreak.
Smartphone and home appliance corporations also made better-than-expected profits. The operating source of revenue in the smartphone department increased by 25% year-on-year to 1.9.5 billion won. The epidemic has caused global smartphone sales to fall and Samsung has sold only 57 million smartphones worldwide, down 25% year-over-year. But declining marketing prices have led to an increase in operating profits.
In appliances, the operating profit remained solid at 730 billion won, with consumers plus household appliances starting in May with their emergency government help.
The outlook for this year is also good, but uncertainties persist due to the protracted pandemic, industrial wars between the United States and China, and adjustments in global semiconductor market trends.