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Samsung Electronics Q3 operating profits amount to US$ 6.7 bil., up 18% q/q, down 56% y/y Updated: 2019-10-31 09:08:04 KST

Samsung Electronics saw its operating profits rise on-quarter in the third quarter, though it was down from the same period last year.
According to its finalized earnings report on Thursday, the South Korean tech giant posted operating profits of some six.seven billion U.S. dollars in the July-to-September period.
That's down 56 percent on-year, but up nearly 18 percent on-quarter.
Sales amounted to some 53 billion dollars.
The company saw the on-year decline due to falling memory chip prices, but profits picked up on-quarter thanks to increased sales of new gadgets.
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