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Cell phones totally make money, at least for Samsung. Samsung just released 2020 3Q earnings. Mobile division revenue 30B and profit 4B, >10% margin.
by sanxiyn 6y ago
Cell phones totally make money, at least for Samsung. Samsung just released 2020 3Q earnings. Mobile division revenue 30B and profit 4B, >10% margin.
- tooltalk 6y agoSamsung at its peak, circa 2013, made $9.6B operating profit on $55B revenue. Samsung's gross sales revenue, profit (and margin) in mobile has been steadily declining since. The Mobile division's 2Q 2012 profit was less than 10% ($1.95B OP on $20B revenue). Then Trump's sanction of Huawei happened, after which Samsung's sales grew by 50% QoQ (3Q), but we don't expect Samsung's luck to last forever and their margin would start declining to a mid-single digit again.