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Samsung Q3 profit grows on memory chip demand, offsetting lower smartphone results

Wednesday 31 October 2018 | 09:11 CET | News
Samsung Electronics reported a strong increase in third-quarter results, led by sales of its memory chips and growing demand for OLED panels. This helped offset a decline in profits from smartphones, hurt by tough competition and soft demand. Samsung said it expects a slowdown in results in the fourth quarter as seasonality affects the components business. 

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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