The electronics manufacturer Samsung has the next phase of release of its mobiles later this year. The company expects to see a better sales value of its upcoming gadgets in the next quarter. Talking about the latest quarter results release, Samsung delivered better earnings than expected for the second quarter of 2020.
With half the year passed and in the midst of a pandemic, Samsung noted operating profit up to 23 percent year-on-year to 8.15 trillion won ($6.84 billion). This recent quarter profits however showed a 6-percent fall in revenue besides. The South Korean firm said it has been experiencing a greater recovery from the impact of COVID-19.
The company had significantly managed to optimize its expenditure, despite the fall in smartphones sales were down from last year. However, with the new line-up of smartphones including the Galaxy Note 20 and a foldable phone launching, the firm expects to see a comparatively better growth.