Samsung Electronics has estimated that its profits jumped to the highest level in three years in the third quarter on record sales and elevated semiconductor prices.
But the world’s biggest producer of memory chips, smartphones and electronic displays tempered its upbeat guidance with a warning that computer chips could be entering a downcycle.
Samsung said operating profit hit Won15.8tn ($13.2bn) between July and September, up 28 per cent from Won12.3tn a year earlier. It was slightly lower than the Won16.1tn estimated by analysts polled by Refinitiv.
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