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

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(Telecompaper) 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. 
Source: Industry News (syndicated from Telecompaper.com)

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