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

Samsung mobile phone business surges thanks to Huawei's woes

World's leading smartphone maker plans more foldable handsets, predicts memory chip recovery

SEOUL -- Samsung Electronics' mobile business enjoyed surging profits in the third quarter thanks in part to the U.S. clampdown on Chinese rival Huawei, though the South Korean tech giant's overall performance was weighed down by poor performance in its chip unit.

Samsung, the world's largest smartphone maker, announced Thursday that operating profit from its mobile and network operations rose 31.5% to 2.9 trillion won ($2.5 billion) in the third quarter from a year ago. Quarter-on-quarter, it jumped 87.2%.

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