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Q3 2017 Results: Samsung makes whopping 245% increase in its profits

  MPC Team

With the release of many flagship smartphones around the world in third quarter of this year, we still see Samsung not bothering about that, as the company has once again made the stunning profits in Q3 of 2017.

The net profit of Samsung in this time period was $9.89 billion, which is about 245% rise in the figures that were reported exactly a year ago during the same quarter.

Moreover, when it comes to Samsung product sales, there was a rise of 29.7% in the sales in the third quarter of this year as compared to the ones that were made in the same period previous year.

This also suggests that the sales as well as profits have been made according to the forecasts and expectations of the company.

The most profitable business of Samsung among all the departments involved the semiconductor one, which made profits more than the mobile phone business as well.

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