The Average Purchasing Power of Europeans in 2022 Is €16,344
The average per capita purchasing power in Europe in 2022 is €16,344. However, there are tremendous differences among the 42 countries.
Samsung made an operating profit of 14.5 trillion won ($12.8 billion) off 62 trillion won ($54.7 billion) in revenue between June and September, which make the past quarter the biggest in the company’s history.
It marks the second consecutive record-breaking quarter for the smartphone market leader (in terms of units that is), that just one year ago had hit one of the few low points in its recent history. In last year’s September quarter, the company’s profit had taken a massive hit after the newly released Galaxy Note 7 smartphone struggled with overheating batteries and had to be called back.
These figures suggest that Samsung came out of that unfortunate episode pretty much unscathed as both of its flagship smartphones released this year have been well-received by consumers and critics alike. The question whether the company’s reinvigorated mobile division really is responsible for the huge jump in operating profit will be answered later this month, when Samsung releases its full earnings report.
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