Oct 6, 2018

Samsung and LG hit record sales in Q3 2018

In this post, we'll talk about Samsung and LG hit record sales in Q3 2018. We hope you enjoy our site and come back for future updates and share our website with your friends. Visit this link & Get latest Mod Apps/Games updates in your mailbox. You can also connect with us on Facebook & Google+.


Samsung and other major players that are not related to the Chinese market have recently been experiencing serious problems due to the high competition from Chinese manufacturers. Such companies as Samsung, LG shared the results of sales of the third quarter of 2018. Surprisingly, they managed to significantly increase performance, breaking their own records. In the case of HTC, which published the results of August, we are talking only about the fall in profits. The company has already tried to get its business back into operation, however, despite all the attempts, this did not lead to anything good. Thus, the company's revenue fell from 45 million to 40.8 million dollars.

The situation with LG and Samsung is much more interesting. LG, for example, managed to get an income of 13.64 billion dollars over the past 3 months, which is the highest figure in the company's history. Compared to the same period last year, LG managed to increase it by $200 million. Of course, we are talking about business as a whole, which includes TVs and household appliances, in the case of LG smartphones, there is still work to be done on increasing profits using 5G and folding devices

Samsung in the 3rd quarter of 2018 received revenue of $57.5 billion, profit amounted to 15.5 billion dollars. For the company, these figures are also a record. However, experts believe that Samsung has already passed its peak, as the need for NAND and DRAM chips are falling, which will cause prices to fall and reduce the profits of the Korean giant. In the long run, Samsung wants to remain on the leaderboard.

It is difficult to say how the situation will develop in the future because the technology market is changing very rapidly. Only 2-3 years ago, no one could have imagined that Huawei would become one of the market leaders.

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