Samsung released financial results for the third quarter of the year, which show that the Korean technology giant is doing well even during the pandemic. The beginning of the second half of the year marked the beginning of the easing of measures for many countries affected by the coronavirus. Samsung took advantage of this situation and increased its profits by 51 percent compared to the same period last year.
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In addition to the release and subsequent excellent sales Galaxy The foldable Note 20 also did great Galaxy Z Fold 2. An improved variation on the first attempt in the form of the first Fold assured Samsung that there is interest in similar phones. The future is apparently hidden in compact phones that still manage to offer more space for entertainment or work. The Korean company is counting on successors to the model by next year, among which, according to some speculations, should be, for example, a lighter version of the Fold at a lower price.
Samsung should turn its attention to the massive markets of India and China next year. Chinese competitors such as Xiaomi are traditionally more successful there, but Samsung could still use the offer of cheap models to tip the scales in its favor when choosing a phone. We will probably see cheap devices with 5G support from the manufacturer. It is the cheapest Samsung with fifth generation network support on our market so far Samsung Galaxy A42 for a price of around nine and a half thousand. However, the manufacturer will probably reduce the price dramatically with its next models.
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