Samsung Electronics Co.’s third-quarter profit jumped 91 percent in a period when it was the only big manufacturer with new phones at the high end of the market. But the company indicated that momentum may stall in the current quarter.
Asia’s major memory-chip makers continued to post weak results in the third quarter as personal-computer demand waned, with consumers switching to mobile devices such as tablet computers and smartphones.
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.
LG Electronics Inc. on Wednesday posted a 47 percent increase in its second-quarter net profit powered by stronger profitability in its flat-screen television and home appliance operations, though the result was still short of analysts’ expectations as sales at LG’s handset business languished.
South Korea’s Samsung Electronics Co. has acquired the mobile-technology business of U.K.-based Cambridge Silicon Radio PLC for $310 million, as the smartphone giant seeks technology and patents to ensure its mobile chip and handset businesses stay competitive.
Samsung Electronics Co., the world’s largest seller of smartphones by units, said Monday it expects its mobile phone business to report better financial results in the second quarter than it did in the first, partly helped by strong sales of its new Galaxy S III smartphone.