Samsung posts record quarterly profit despite smartphone slump
https://www.cnet.com/news/samsung-posts-record-quarterly-profit-despite-smartphone-slump/
Samsung said its third-quarter operating profit is 17.57 trillion won ($15.4 billion), an increase of nearly 21 percent from the year-ago period. Samsung also generated revenue of 65.46 trillion won ($57.48 billion), up 5.5 percent from the previous year.
"In the third quarter, operating profit reached a new quarterly high for the company driven mainly by the continued strength of the Memory Business," Samsung said in a statement.