Samsung to post record 17.5 trillion won profit for Q3
Samsung Electronics will post 17.5 trillion won in operating profit for the third quarter of this year, the company announced in its earning guidance.
The number would be its highest ever, and beats its previous record of 15.64 trillion won posted in the first quarter of this year.
It is a rise of 20 percent from a year ago, and an 18 percent rise from the previous quarter.
The tech giant expects revenue of 65 trillion won, a rise of 5 percent from a year ago.
Strong semiconductor sales will likely lead the growth, with the precise contribution of each division to be announced in the full earnings report later this month.
Analysts expect the semiconductor business to have contributed over 70 percent. If confirmed in the full report, Samsung's chip business would have grown for 11 straight quarters.
Samsung's mobile business is expected to post lacklustre profits due to the lukewarm sales of the Galaxy Note 9.
Related Coverage
5 reasons to choose Google's Pixel 3 over an iPhone or Galaxy phone
Google's latest crop of smartphones are coming soon. Here are a few reasons why you should wait for them.
Spotify integration comes to Samsung Music
Samsung and Spotify announced a partnership at the Galaxy Note 9 Unpacked event and now we are seeing some of the first fruits of that partnership.
Samsung launches S Pen SDK for Galaxy Note 9
The move expands the third party Galaxy Note 9 developer possibilities for the Bluetooth Low Energy enabled S Pen.
Samsung CJG5 gaming monitor: Awesome at a bargain price
Samsung's CJG52 curved gaming monitor offers high resolution, boasts super-fast response times, and comes in a premium-feeling, sleek design -- everything a gamer needs at an affordable price.
The 4 features of the Samsung Galaxy Note 9 that business users need most (TechRepublic)
The new $1,000-plus smartphone is geared toward business users with everything from an improved DeX interface, to more memory, and an updated S Pen.