Samsung has been through a rollercoaster few years, although one thing has not changed. The company has saw profits tumble for nearly two years and sales have also declined across the board, but still the South Korean giant has remained at the top of the market, selling more smartphones than anyone else. A restructuring of its mobile output seems to be paying off as Samsung recorded a bumper third quarter that puts the company back into a growth period.
Not quite the bumper periods that Samsung was used in its pomp, but still an impressive three months that suggests the company is back… not that it ever really went away. Through Q3 Samsung recorded profit of $6.3 billion from revenue of $43.9 billion, clearly showing there is plenty of demand for the company’s hardware. Indeed, only Apple makes more money in the mobile industry, so Samsung’s return to growth puts the company in a good position to enhance its market lead.
Samsung decided to streamline its smartphone output (don’t worry, there are still loads of different Samsung smartphones available) and splash some premium materials into the mix. That decision was taken in the wake of the only moderately received Galaxy S5 and the result was the Galaxy S6 which showed Samsung flexing its muscles.
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