Samsung Electronics posted a 46.2 percent year-over-year increase in Q3 net profit to $2.34 billion (2.69 trillion Korean won), but a sequential drop of 14.1 percent due to competition and lower prices of LCD screens and flash memory.

Q3 sales increased to $12.52 billion (14.34 trillion KRW), a rise of 27.4 percent compared to Q3 2003 and a 4.3 percent sequential dip.

Samsung is staying optimistic and said it expects Q4 global PC shipments to increase 14 percent sequentially, continuing a rebound that boosted demand for its chips in the past three months.

Samsung's semiconductor memory sales rose 1.9 percent sequentially to $3.18 billion (3.64 trillion KRW) and 42.7 percent from Q3 2003. Meanwhile, Samsung¡¦s LCD sales dropped 23.1 percent sequentially to $1.67 billion (1.9 trillion KRW), showing a 37.7 percent increase over Q3 2003.

By: DocMemory
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