Samsung Earnings Soar Thanks to TVs

Samsung Electronics on July 24 posted an impressive set of quarterly earnings, highlighting the resilience of its consumer electronics business. For the three months through June, operating profits were just over $2 billion, a fivefold increase on the previous quarter and up 5% from a year earlier. Revenue totaled $26 billion, up 13.4% from the first quarter and 11.7% from April-June last year.

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