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re: LG vs Samsung Q3 Earnings: LG record 16.8 million, Samsung lowest since 2011
Posted on 10/31/14 at 7:28 am to J311slx
Posted on 10/31/14 at 7:28 am to J311slx
LINK
quote:
The consolidated revenue came out to $44.7 billion, down from $56 billion in Q3 last year. The company marked its lowest profits since Q3 2011.
The mobile division, which has been the most profitable part of Samsung in recent years, saw the biggest drop of 15% in sales. However, the bigger problem is that operating profit slid to $1,653 million, down from $4,179 million in Q2 this year and $6,350 million a year ago.
1
Posted on 10/31/14 at 7:41 am to UltimateHog
Holy shite batman that is a huge drop.
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