LG Electronics' operating profit up 44% in Q3

54-samsung-galaxy-s9-and-s9-plus

The company said its operating profit will come in at around 17.5 trillion won ($15.8 billion), a 20 percent increase from the year-ago period.

It's not the Samsung's smart home appliances, its ever-growing QLED range or 'The Frame' TVs that are set to push its profits to a record high for Q3 of 2018, but the growing popularity of its chipsets.

Samsung is plowing through any pessimism that might exist among financial analysts, and heading towards record quarterly profits, according to the South Korean electronic maker's third quarter guidance. Although the company has not detailed out income by segment in its guidance, industry watchers believe it would have raked in 13.5 trillion won from the chip business, accounting for nearly 80 percent of its entire operating profit and suggesting a slowdown in the business could directly hit its bottom line as early as the fourth quarter. Its business likely won't experience any near-term effects of such a development and its stock should remain stable, or at least unaffected by lower profits that are likely to be generated over the final quarter of the year. Ltd. (Korea: SEC)'s chips business has traditionally accounted for about four fifths of its operating profits. Those chips help devices perform more than one task and are the company's main product related to memory. The projected sales are KRW 64-66 trillion, which equates to around $57.5 billion. Sales of the Galaxy S9, which was released in the second quarter, are middling, and the company is believed to have spent a large amount on marketing the Galaxy Note9, which was released in August.

Rock used as doorstop for decades identified as $100K meteorite
He then kept the meteorite with him for the next years, and even allowed his children to bring it to school for show and tell. This January, southern MI experienced a meteor flash that showered fragments of space rock all over Livingston County.

Samsung is due to publish a detailed third quarter earnings later this month.

That said, the semiconductor business has been a very strong performer for Samsung through the last couple of quarters, and some might suspect this is the case once again. However, falling prices for some electronic components could stunt further earnings growth. When compared to the third quarter, DRAMeXchange projected a 5 percent drop in the fourth quarter, sharper than earlier estimates of a 1 to 3 percent decline.

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