Despite its year-on-year growth Samsung expects to have a drop in the fourth quarter

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Approaching the end of October, the official balance sheets of smartphone manufacturers begin to arrive. In the case of Samsung, as in that of other manufacturers, we can see the influence of its other businesses, not just its product sales. That is how Samsung reports growth at the end of the third quarter of 2020.

Its 8% year-on-year growth is due primarily to the sale of memory chips and other components and, secondly, to its new family of consumer products: its Samsung Galaxy Note 20, its Samsung Galaxy Tab S7, its Samsung Galaxy Watch 3 and even your Samsung Galaxy Buds Live.

Official Samsung Q3 Figures

This year-on-year growth is also due to the growth in popularity of Samsung within the Indian market, currently one of the most competitive in the world. New reports indicate that Samsung has become the most popular smartphone company in the market.

On the other hand, the forecasts for the fourth quarter are less optimistic. It is true that the memory chips and other components that the South Korean company makes are expected to see an increase in demand as we approach the last part of the year and manufacturers are looking to reach their goals.

But it is also true that the sale of smartphones would receive a great impact on their popularity and demand because the competition will become increasingly fierce and in response to the speculation of many users who would seek to wait for the flagships new generation instead of buying the ones announced in the previous batch.

Samsung reports growth at the end of the third quarter of the most chaotic year in a long time for the planet. In the midst of a pandemic whose consequences and ramifications are still affecting the economy and culture of all countries around the globe, Samsung has managed to keep its economy afloat and even make it grow.

Via: Phone Arena


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