Samsung Electronics Hit Record Q3 Operating Profit l KBS WORLD Radio

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The operating profit was above the market's expectation of 17.1 trillion won, based on a survey conducted by Yonhap Infomax on 21 South Korean brokerage houses. That's weighing on the world's biggest chipmaker, which is also struggling to boost its smartphone sales. Samsung appears to have gained back the lost momentum and even improved its results significantly compared to 2017.

"Operating profit seems to be at its peak now", Hyundai Motor Securities Co Ltd analyst Greg Roh told Bloomberg News.

"Early next year might be the right time to buy Samsung before growth picks up again in the bottom half of next year", he added.

Samsung doesn't release the performance figures of its individual divisions until later this month-it will certainly be interesting to find out how the Galaxy Note 9 has been performing.

A sweltering summer in the country fueled an increase in air-conditioner sales for Samsung's consumer electronics division, according to Kim.

While it retains its leadership position in the global smartphone market, Samsung saw a dismal 22 per cent drop in mobile technology sales in the second quarter. It was up 11.2 percent from the previous quarter.

The prices for NAND chips fell.

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The two tech companies compete aggressively in high-end smartphones, but Samsung also provides key parts for Apple's (AAPL) devices.

Displays have emerged as another important source of revenue for the South Korean company. However, there is a silver lining for Samsung here; the company supplies the majority of OLED panels to Apple for its iPhones, which are going to be a major contributor to those profits.

LG did not elaborate on its performance and will disclose detailed earnings in late October.

But there are growing concerns over declining chip prices.

Samsung can weather slowdowns in particular market segments because it's invested in so many different ones.

Samsung reported second-quarter operating profits fell almost 5% on quarter but increased 5.7% from the same period in 2017.