Samsung to see an 18% increase in profits in Q3 2018

October 2nd, 2018   decode   news

Samsung is expected to announce its guidance earnings later this week and analysts expect more impressive results. According to a report from Reuters, the chip business did a stellar job and helped the company to an 18% overall increase in profit and 3.7% increase in revenue. The smartphone business, however, will see its operating profit drop for a third consecutive quarter.

The July-September period marks the end of a two-year cycle of tight supply for some types of chips and the trend reveals a spike should be expected in the last quarter. The preliminary results, expected on…

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