Samsung’s quarterly profit shoots up to 58%

Samsung’s guidance for its Q3 earnings is in, and the company is looking at an operating profit of $10.6 billion.

That figure will mean a 58 percent higher from the year before.

Reuters reports analysts who suspect that there was going to be a higher mobile phone sales for Samsung, especially as the US restrictions begin to affect Huawei as people as worried that the company is going to stop sales in the US.

There is another believe that the expected boost in the fourth quarter could happen as Samsung supplies parts for the the new iPhones that is expected in October.

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