Samsung logs strong Q3 but warns of profit dip ahead

Smartphone competition and server chip correction likely to weigh on final quarter

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Samsung expects mobile chip demand to rise in the fourth quarter but server chip demand to remain sluggish. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- Samsung Electronics reported strong third-quarter results on Thursday thanks to healthy mobile memory chip sales but warned that profit and revenue will dip in the fourth quarter as server chip demand undergoes a post-coronavirus correction.

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