Samsung Profit Tops Estimates Bolstered by Memory-Chip Sales
- Concerns about outlook weigh on world’s biggest chipmaker
- Displays supplied to Apple emerge as growing source of income
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Samsung Electronics Co. posted profit that topped estimates on resilient sales of memory chips, easing concerns about a dropoff in demand.
Operating income rose to a record 17.5 trillion won ($15.5 billion) in the three months ended September, according to preliminary results released Friday from the Suwon, South Korea-based company. That compares with the 17.2 trillion-won average of estimates compiled by Bloomberg.