ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Samsung Q3 profit seen strong on demand for chips, foldables

Paroled Vice Chairman Lee drives investments after return to management

Analysts say solid demand for Samsung's foldable smartphones likely contributed to an expected strong operating profit increase in the third quarter. (Source photos by AP and Samsung)

SEOUL -- Samsung Electronics is likely to report a double-digit increase in operating profit during the third quarter thanks to strong demand for semiconductors and foldable smartphones as well as a weak local currency.

Analysts say the South Korean tech giant's operating profit may even exceed the market expectation of an increase of 27.6% year-on-year to 15.8 trillion won ($13.4 billion) in the July-to-September period on the back of rising prices for memory and foundry chips.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more