Samsung’s record second-quarter earnings were powered almost entirely by its semiconductor business, masking losses in the division that includes smartphones, televisions and home appliances. With the mobile business under pressure from higher component costs, Samsung is relying on the newly launched Galaxy Z Fold8 Ultra, Fold8 and Flip8 to lift premium sales and improve the economics of its device portfolio.
Samsung reported record quarterly revenue of KRW 171.5 trillion, or about $116.7 billion, and operating profit of KRW 89.5 trillion, or about $60.9 billion, on July 30. The new foldables now need to turn early demand in Asia into…
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