Samsung Electronics posted its third-quarter revenue of $59bn (£45.4bn)
A 50% increase in smartphone sales led to strong
revenue growth, while profits from microchips increased by 82%.
The Korean tech company also reported a quarterly
net profit of 8.3bn, an increase of 49% over the same period last year.
Samsung's mobile and chip business was boosted by
US sanctions against its Chinese rival Huawei.
The prospect of an increase in sales reflects
Samsung's decline in Huawei's market share as US sanctions hit the Chinese
telecom giant.
Huawei is stockpiling chips ahead of US
sanctions.
In August, the US Department of Commerce said it
would impose sanctions on any foreign company that sells chips to Huawei
without first obtaining a license.
The Trump administration has targeted a number of
Chinese technology companies over national security concerns.
Samsung also saw strong growth in sales of
premium TVs and devices during July-September.
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Hard times
However, the electronics giant is forecasting a
tougher time with declining profit in the fourth quarter.
It expects weak chip demand from server users and
more competition in mobile phones and consumer electronics.
The third-quarter figures came a day after the
funeral of Chairman Lee Kun Yew, who helped turn Samsung into a global
powerhouse.
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