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Samsung sees Q3 profit up 28% on chip demand, foldable phones

Higher product prices plus cheap won helped bottom line, analysts say

Samsung Electronics is riding a wave of demand for its semiconductors and foldable smartphones.   © AP

SEOUL -- Samsung Electronics reported a double-digit increase in operating profit during the third quarter from a year ago, boosted by demand for semiconductors, foldable smartphones and the effects of a weak local currency against the U.S. dollar.

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