Samsung’s Q3 Profits Expand As Memory Market Tailwinds Help Mask Note 7 Impact

Samsung Electronics published a stronger-than-expected set of preliminary Q3 results last week, indicating that its operating profits likely rose 5.5% year-over-year to about 7.8 trillion Korean won ($7 billion), while revenues likely declined 5% to about 49 trillion won ($44.2 billion). Although the company didn’t provide additional color on the numbers, it’s possible that profitability was aided by stronger memory prices and display shipments, which helped to more than offset the initial impact of the Galaxy Note 7 recall process. Revenues were likely hurt by currency headwinds, as the Korean won was up by roughly 5% year-over-year versus the U.S. dollar over Q3. Below we outline some of the key factors that possibly drove the firm’s performance over the last quarter.

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Why Tech Giants Want Samsung To Beat Apple In The Supreme Court

The Supreme Court finally held a hearing today on a years-long dispute between Apple and Samsung over smartphone patents. What it ultimately decides will have major impact on how tech companies think about design patents–Apple supporters say keeping the original law will protect individual design, and Samsung supporters say the law needs to change or it will stifle tech innovation.

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