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Samsung Confirms Large Screen Galaxy in Q2 2015 Financial Results

SAMSUNG

Samsung Electronics has announced its financial results for the second quarter of 2015 today and the company has reported a $41.7 billion in revenue.

The operating profit for the quarter has been reported to be $5.93 billion. Now looking at both these figures we see that they have improved slightly over the previous quarter.

Now the improved profits are due to the sales of the Galaxy S6 and S6 Edge even though the overall smartphone shipments have dropped.

The profits only increased marginally due to the supply difficulties that the South Korean giant faced from higher than expected demand for the Galaxy S6 Edge. So the mobile division overall brought in $22.4 billion in consolidated revenue and $2.37 billion in operating profit for the quarter.

On the other hand Samsung has faced an increase in its semiconductor business which actually stood out from the rest along with new TV models that also increased its sales.

Now Samsung says that in the second half of this year it will increase its earnings through strong TV sales and increased demand for its 14-nanometer foundry business.

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