The Zhitong Finance App learned that preliminary data released by Samsung Electronics on Thursday showed that operating profit for the third quarter up to September was about 107.4 trillion won (about 80.1 billion US dollars), more than eight times that of the same period last year, setting another record, mainly driven by demand for high-bandwidth memory (HBM). However, this performance is still about 1% lower than analysts' average forecast of 108.7 trillion won. Revenue for the quarter was 195 trillion won, up nearly 127% from the same period last year, and also below expectations. As a comprehensive Korean company spanning chips and smartphones, Samsung is facing pressure to tighten consumer electronics profit margins due to rising component prices.

The Zhitong Finance App learned that preliminary data released by Samsung Electronics on Thursday showed that operating profit for the third quarter up to September was about 107.4 trillion won (about 80.1 billion US dollars), more than eight times that of the same period last year, setting another record, mainly driven by demand for high-bandwidth memory (HBM). However, this performance is still about 1% lower than analysts' average forecast of 108.7 trillion won. Revenue for the quarter was 195 trillion won, up nearly 127% from the same period last year, and also below expectations. As a comprehensive Korean company spanning chips and smartphones, Samsung is facing pressure to tighten consumer electronics profit margins due to rising component prices.