Wednesday, October 28, 2020

Samsung reports operating profit of $10.9B in Q3, up 59% YoY, on highest ever quarterly revenue of $59B, up 8% YoY, due to strong demand for its smartphones (Shara Tibken/CNET)

Shara Tibken / CNET:
Samsung reports operating profit of $10.9B in Q3, up 59% YoY, on highest ever quarterly revenue of $59B, up 8% YoY, due to strong demand for its smartphones  —  While the pandemic continues to rage, consumers are buying phones and other electronics again.  —  The pandemic-caused lull …



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...