Samsung Profits Jump 26% in Third Quarter

Success pinned on strong smartphone sales and a rallying memory chip division

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Kim Hong-Ji / Reuters

South Korean technology giant Samsung reported a 26% jump in profit for the third quarter of this year, worth some $7.6bn, apparently on the back of strong smartphone sales and a rallying memory chip division.

And the firm said business was expected to improve further as the holiday season approaches, reports the BBC. Samsung has apparently stolen a march on iPhone manufacturer Apple by cornering both the luxury and budget handset markets.

[BBC]

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