Samsung sees significant gains in Q3 earnings report

Samsung has reported its earnings for the third quarter of 2015, noting an operating profit of 7.4 trillion won (around $6.46 billion) on overall revenues of 51.68 trillion won ($45.2 billion), which is up significantly from an operating profit of 4.1 trillion won a year ago.

As for its mobile division specifically, Samsung reports an operating profit of 2.4 trillion won ($2.1 billion) on revenues of 26.1 trillion won ($22.8 billion), which is also a substantial jump in operating profit over the same period a year ago, which clocked in at 1.75 trillion won ($1.53 billion). Samsung says that this growth was largely driven by a significant increase in smartphone shipments from the Galaxy Note 5 and Galaxy S6 edge+.

Samsung notes that a chunk of its success this quarter was due to favorable exchange rates, which yielded gains go around 800 billion won. Samsung doesn't expect the exchange rate to have a positive effect next quarter, and, as a result, it expects earnings to decline quarter-over-quarter in Q4.

Source: Samsung