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Samsung Electronics' Q2 earnings rose 23.48% y/y to US$ 6.8 bil. despite COVID-19 Updated: 2020-07-30 08:51:55 KST

Samsung Electronics' earnings for the second quarter of 2020 amounted to around six.eight billion U.S. dollars.
It was helped by steady demand for the company's memory chips despite the COVID-19 pandemic.
The South Korean tech giant said that while its sales were down some 5.6 percent on-year, its operating profits were up 23-and-a-half percent.
Samsung says this was largely driven by the improved profitability of memory chips and displays as well as increased demand for household appliances.
For the latter half of 2020, Samsung says it expects demand to rebound on products like smartphones, but the company admits the pandemic remains a constant uncertainty.
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