SAMSUNG REPORTED HISTORICAL EARNINGS IN THE Q2

SAMSUNG REPORTED HISTORICAL EARNINGS IN THE Q2

The South Korean giant, Samsung, thanks to the very good performance of its smartphone brand Galaxy reported historical earnings.

The earnings of the company rise up to 5.900 million dollars for the second quarter of the current year. But not everything is joy for the company, because they are watching how its principal market is falling of the cliff and how is contracting the demand for electronic devices.

They are also facing another problem due to the devaluation of the Euro in comparison with their currency and this is generating a financial issue for the South Korean company that is also watching how their profits in the Euro zone are being deteriorated due to the exchange rate.

According to an executive of the firm, Samsung may have to decrease its costs and increase the prices in the Euro zone if the Euro keeps loosing value against other currencies in the world, because if they continue with these trends, the Euro zone could become in a market in which they could loose money.