Samsung reports profit - due to Televisions, haha, only kidding. Smartphones drive 2/3rds of the results. Though Display Division did run a profit and not a loss.
JZ
SEOUL—Samsung Electronics Co. said Friday that its second-quarter profit
jumped 48% to another company record as it increased smartphone sales and
experienced cyclical recoveries in its chip and display component
businesses.
The launch of a new, high-end smartphone helped its telecom division continue
to have the most impact on Samsung's overall results. The unit accounted for
nearly two-thirds of the operating profit for the world's biggest technology
manufacturer by sales.
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