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Thursday, July 30, 2020

Samsung Looks Well Positioned for When the Coronavirus Storm Settles - The Wall Street Journal

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Samsung Electronics has weathered Covid-19 well so far, but its near-term outlook still hinges on a global recovery. Over the longer run, its technology leadership and strong balance sheet means it will continue to excel.

The Korean technology giant’s operating profit last quarter grew 26% from a quarter earlier, the second consecutive quarter of growth despite the pandemic. The company got a one-off boost—likely from Apple—in its display division. Apple had to make a payment to Samsung since the iPhone maker purchased fewer...

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July 30, 2020 at 05:06PM
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Samsung Looks Well Positioned for When the Coronavirus Storm Settles - The Wall Street Journal

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