Samsung Expects Record Operating Profit
Samsung Electronics Co. said Friday it expects a record operating profit for the third quarter despite its legal battles with Apple Inc., but analysts say earnings at its flagship mobile business may have peaked.
Samsung, the world’s largest smartphone maker by shipments, said it expects operating profit of between 7.9 trillion won and 8.3 trillion won ($7.09 billion and $7.45 billion) for the quarter ended Sept. 30, compared with 4.25 trillion won a year earlier. The company set its previous quarterly record in the April-June period with operating profit of 6.72 trillion won.
