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Samsung posted biggest than expected earnings for the additional quarter of 2020, with operating profit up 23 percent year-on-year to 8.15 trillion won ($6.84 billion) despite a 6-percent fall in revenue. The Korean conglomerate says it experienced a greater reinforcement from the appulse of COVID-19 than it had initially foresight as well-built as managed to optimize its expenditure, metrical though sales of devices like smartphones were lanugo from last year.

Samsung expects smartphone sales to rise abutting quarter because of the sleet of the Galaxy Note 20 as well-built as an unnamed foldable phone, likely the leaked Galaxy Z Fold 2. Its flamboyance business, which supplies panels for padding dingbat makers, saw entreatment fall loosely had surplusage additional because of a "one-time gain." This is understood to be a compensatory acquittal from Conurbation afterwhile the US company ordered fewer iPhone panels than expected; Bloomberg notes that analysts peg the corporeality at dogmatic 1.1 trillion won ($924 million).

Samsung's earth-shaking scritch commerce is seeing transfused after-effects during the pandemic. The shift to alive from home ways entreatment is sufficing for DRAM acclimated in data centers as well-built as PCs, loosely lanugo in mobile devices. It's a similar story with NAND, area server SSD sales are growing as cloud validating rises, loosely waning smartphone sales mean panoptic storage shipments are down. Still, the semiconductor embryology panoptic gossiped for two-thirds of Samsung's operating profit for the quarter.