Samsung Electronics Reports 2Q Wireless Business Operating Profit of 1.95 Trillion Won
[Asia Economy Reporter Dongwoo Lee] Samsung Electronics announced on the 30th that its wireless business (IM) division recorded sales of 20.75 trillion KRW and an operating profit of 1.95 trillion KRW in the second quarter.
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In the second quarter, the wireless business saw a decline in smartphone sales volume and revenue compared to the previous quarter due to store closures caused by the spread of the novel coronavirus disease (COVID-19). However, it stated that it maintained solid profitability through efficient cost management.
This content was produced with the assistance of AI translation services.
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