[Samsung Electronics Concall] "Recovery in mid-to-low-end demand in India, smartphone sales surge significantly"

[Asia Economy Reporter Han Jinju] At the 2020 Q3 earnings conference call held by Samsung Electronics on the 29th, Lee Jongmin, Executive Director of the Wireless Business Division, stated, "Compared to the stagnant Q2 due to lockdowns in major regions, the Q3 market showed a gradual recovery in demand thanks to economic stimulus measures, resulting in increased demand." He added, "With the launch of flagship new models such as the Galaxy Note20 and Galaxy Z Fold2, and the recovery of mass model demand in many regions including India, smartphone sales significantly expanded compared to the previous quarter."

Executive Director Lee said, "Along with increased sales, profitability greatly improved due to cost structure enhancements through parts standardization and efficient marketing expenditure." He also noted, "The significant increase in tablet and wearable product sales contributed to the profit growth in Q3."

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