The Galaxy Note 8 appears to be helping Samsung extinguish the ghosts of Note 7.
Analysts said the better-than-expected performance for the mobile arm is attributable to the market's positive reaction to the Galaxy Note 8 flagship, while the refurbished edition of the Galaxy Note 7, dubbed the Galaxy Note FE, sold out in South Korea, shipping 400,000 units.
The company also estimates third-quarter sales of 62 trillion won compared to 47.82 trillion won a year ago.
Shares in Samsung Electronics Co Ltd rose 4.5 percent after the market opened in Seoul on Tuesday, as analysts expected the tech giant to announce record profits in memory chips for the July-September quarter.
"The company has been riding a global semiconductor boom", he said, adding the semiconductor business alone is believed to have contributed 10 out of the 14.5 trillion won operating profit. The guidance, released today ahead of full earnings later this month, did not provide specific divisional results.
It is also a 3 percent rise from this year's second quarter - its previous highest - of 14.07 trillion won in profits.
Shiv Sena leader Pappu Mane's vehicle mows down 2 girls in Maharashtra
According to police, three girls were going to their school via Baramati-Morgaon Road around 8 am, when a auto hit the girls. The arrested trio are identified as Akash Jagtap, Hrishikesh Chavadhar, and Prithviraj Chavan, all residents of Baramati.
TCS Beats Expectations, Net Profit Jumps To Rs 6,446 Crore In Q2
On an year on year basis, the company said all industry verticals with the exception of BFSI and retail grew above 9.5 per cent. The company added that North America grew by just 1.4 per cent with continued softness in banking and retail.
Ethics panel: 'Substantial reason to believe' Collins broke federal law
Collins told OCE he was "sure" he would have discussed Innate at the NIH meeting, but could not recall specific conversations. When asked by OCE why he was accompanied by his then-legislative assistant, Collins replied: "I don't go anywhere alone".
It is the world's largest vendor of memory chips, both in DRAM and NAND.
As for the fourth quarter, Samsung Electronics is expected to continue its growth, backed especially by its highly competitive chip business.
Lee, who was found guilty in August of bribery, perjury and other charges relating to payments made by Samsung to ousted president Park Geun-Hye's secret confidante Choi Soon-Sil, is appealing his 5-year sentence and says he is innocent.
The consumer electronics division will also benefit from strong seasonal demand, he added.
The rising presence of Chinese rivals coupled with USA trade protectionism headed by President Donald Trump are also major hurdles, they added.