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Samsung strikes back powered by online smartphone sales

Stumbles by Huawei and Apple also help Samsung post strong Q3

Samsung launches new smartphones in the U.S. at a California event in 2020. The company has greatly expanded its online sales in the country during the pandemic.    © Reuters

SEOUL/GUANGZHOU -- Samsung Electronics put up one of its best quarters after pivoting its smartphone business heavily toward lower-cost digital sales channels in the middle of a pandemic.

Operating profit in the third quarter surged 58% on the year to 12.3 trillion won ($10.6 billion), the company said Thursday, its strongest finish in two years.

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