Samsung estimates its 3Q operating profit surged 80 percent

The decline of operating profit of Samsung for the second quarter was limited to around four percent, which is a lower percentage compared to the previous quarters. During the quarter, the South Korean won fell from Krw1,125 to 1,190 against the dollar, depreciating by 5.5% in value. Future growth may depend more on components than on competing with the iPhone. It is expected that this unit would report sales worth 27 trillion won.

The company in August added curved phone to its series with the launch of the Galaxy S6 Edge Plus, a bigger version of the Galaxy S6 Edge released earlier this year.

The average sales price is expected to have dropped by 14 per cent to about US$198 in the September quarter, Mr Lee said. Samsung shipped 72 million smartphones during 2QFY15, and 81 million smartphones during 3QFY15, according to survey conducted by Bloomberg. After that period, the company’s results started sliding.

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