Samsung expects record quarterly profit of about $80 billion
Samsung Electronics' preliminary third-quarter results point to a record operating profit above 100 trillion won, about $80 billion, which CNBC and BBC link to demand for AI chips.
Samsung Electronics said its third-quarter operating profit is on track to exceed 100 trillion won. That would be the first time it has passed that mark. CNBC and the BBC both put the figure at about $80 billion and call it a record.
CNBC says the company released preliminary earnings on Thursday. Both outlets tie the result to the boom in AI, which is driving demand for chips.
The BBC adds that Samsung is also expected to get a lift from its latest folding devices, which went on sale in August.
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- CNBCSamsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demandWed, Oct 7, 8:51 PM EDT
- BBC NewsAI chip boom pushes Samsung profits to record $80bnWed, Oct 7, 9:59 PM EDT
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