International. Now that the end of the year is approaching, technology manufacturing companies have begun to report their financial statements, which are hit hard by the economic crisis that is being experienced in European countries and in the United States, and that most led them this year to change their presidents and CEOs.
But it seems that the trend began to change for these companies, or at least for Samsung and LG, which announced the results for the third quarter of the year with positive balance sheets in each case.
For Samsung, profits between July and September reached $6 billion, double the figure presented during the same period last year. In total, sales grew by 26.4%, marked mainly by the sale of the Galaxy SIII device and smart TVs.
For its part, the results of the third quarter of 2012 brought good news for LG, as it is the first time in two years that it closes a quarter with profits, thanks to the production of screens for Apple equipment: iPad and iPhone. Overall earnings for the July September period reached US$230 million, compared to the US$446 million of losses reported during the same period in 2011.
It should be noted that one of the main factors that has influenced the decline in profits of technology manufacturers is the global fall in the sale of televisions, which has strongly affected manufacturers such as LG and Sharp, but which seems to have begun to change according to Samsung's report.
