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Samsung improves margins on lower sales in Q2, sees gradual recovery in H2

2020-07-30 08:45:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported higher earnings for the second quarter, helped by continued demand for its memory chips as well as a one-time gain at its display business. This helped offset the slump in the smartphone market and overall weaker consumer demand in April and May. Samsung said it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the year, helped by the launch of new products. 

Tags: in sales lower samsung

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