Assuming those figures hold true, Samsung's profit will be around 20 percent higher than it was in the same quarter a year ago, and around 18 percent higher than the previous quarter. The unit generated about 10% of the South Korean company's 54 trillion won ($48 billion) profit a year ago.
Samsung said it's expecting its quarterly operating profit to surge by a fifth due to sales from its chip unit that powers data centers and gains in production.
Melania Trump slammed for 'colonial' fashion choice while visiting Africa
She was shown a pile of ashes, after the park burnt 105 tonnes of ivory to dissuade people from the trade. Melania Trump was criticized after she was spotted wearing a white pith helmet during her trip to Africa.
McConnell and Schumer square off before Kavanaugh procedural vote
Murkowski announced Friday that she would be pairing her vote with Daines as a professional courtesy and a gesture of goodwill. But Collins addressed the 2020 election in an interview with News Center Maine (WCSH/WLBZ) shortly after Saturday's vote.
Eden Hazard reveals reason behind his resurgence under Maurizio Sarri
Fabregas' Chelsea contract expires at the end of this season, and he hopes to stay at Stamford Bridge. I feel I still have a lot of football left in me, but it is now up to the club.
While its other business units continue to make up for its sloppy performance in the smartphone market, it remains to be seen if its upcoming devices will prop up the handset division. The revenue is an over 20 per cent increase (year on year) and almost 12 per cent high from the first quarter of this year, apparently on the back of robust returns from its chip business. "Even when Samsung loses its handset market share, it still can grow thanks to its memory business". While LG's home appliances and TVs apparently delivered solid results, this quarter looks like it will mark the 14 consecutive quarterly fall in numbers for LG's smartphone division. Still, the number was below a market estimate of 771.7 billion won, based on a survey conducted by Yonhap Infomax on 15 securities firms. Sales of the Galaxy S9, which was released in the second quarter, are middling, and the company is believed to have spent a large amount on marketing the Galaxy Note9, which was released in August.
Samsung will uncover more points of interest, including how every one of its divisions performed before the current month's over in its total profit report.
The third-quarter operating profit of the chip business is expected to have hovered above 13 trillion won for the first time ever. When compared to the third quarter, DRAMeXchange projected a 5 percent drop in the fourth quarter, sharper than earlier estimates of a 1 to 3 percent decline.