Samsung-Galaxy-S6-Edge-PlusSamsung this morning announced its forecast predictions for the company's third quarter, suggesting an overall year-over-year profit growth of 79.8 percent, which would be its first since 2013.

The company didn't provide specifics regarding where the profit came from, but analysts speaking with The Wall Street Journal attributed it to the "robust sales" of various chips and displays used in smartphones and other devices throughout the year. Specifically, those analysts believed Samsung's earnings this year are being fueled by the chip sales "due to tight supply and firm pricing."

Overall, the company's chip unit will likely account for nearly half of its total profit in the third quarter of 2015, with the addition of display sales bolstering the rest of its foreseeable monetary gains.

The South Korean technology company said Wednesday its operating profit for the three months ended Sept. 30 likely rose 79.8% to about 7.3 trillion Korean won (US$6.3 billion), its first year-over-year growth since the third quarter of 2013 when the company posted a 26% increase. Revenue likely rose about 7.5% to 51 trillion won.

Analysts were expecting Samsung to post an operating profit of 6.5 trillion won on revenue of 50.5 trillion won, based on a poll of nine analysts.

Most recently, Samsung announced the newest iterations of its smartphone lineup, the Samsung Galaxy Note5 and the Samsung Galaxy S6 Edge+, whose 5.7-inch displays make them slightly larger than Apple's iPhone 6s Plus and are marketed as a direct competitor to the Cupertino company's large-screened device. Announced and launched in August -- alongside services like Samsung Pay and the new Gear S2 Smartwatch -- the new smartphones were pegged as an early competitor for Apple's iPhone 6s and iPhone 6s Plus.

But, if the analysts' predictions today are correct, Samsung saw most of its profits from its contribution to chip production within Apple's own smartphone line-up. When initially discovered a few days after the launch of the iPhone 6s and iPhone 6s Plus, the split of A9 chips between Samsung and TSMC met a small wave of controversy, with one iOS developer going so far as to calculate the percentage split between the two manufacturers. Even though the 60/40 percentage was in favor of TSMC, it appears Samsung's chip manufacturing for the 6s and 6s Plus was enough to help in some way boost its overall quarterly growth.

Tag: Samsung

Top Rated Comments

Fondaparinux Avatar
127 months ago
Samsung made money because of iPhones.

That is a terrible thing to tell investors.
Score: 16 Votes (Like | Disagree)
AngerDanger Avatar
127 months ago
The iPhone is Samsung's biggest moneymaker. They're just that good at copying Apple.
Score: 10 Votes (Like | Disagree)
Tubamajuba Avatar
127 months ago
Samsung made money because of iPhones.

That is a terrible thing to tell investors.
Not necessarily... remember, investors care about their money, not fanboy smartphone wars. Samsung is producing quality components for a popular device and making a good chunk of change in the process... all seems to be well for them. Sure, there's always the threat of Apple going 100% TSMC, but judging by their willingness to dual-source, I don't think that's a huge concern.
Score: 8 Votes (Like | Disagree)
CEmajr Avatar
127 months ago
This is likely the norm for them going forward. Better at manufacturing chips than making mobile devices. Apple likely prefers them to be this way as well. I don't think their smartphone business will ever get back to where it was 2012-2013.
Score: 6 Votes (Like | Disagree)
rmatthewware Avatar
127 months ago
As opposed to, Apple made good iPhones because they had solid Samsung components upon which to build?
Man get over yourself.
Samsung may have built the chips, but the A-line has been designed by Apple. Saying it's strictly a Samsung component is like saying a canvas-maker should get credit for Monet "building" his painting on their solid component.
Score: 6 Votes (Like | Disagree)
69Mustang Avatar
127 months ago
I cannot remember one post where we have agreed on something. It is interesting that we are so opposite on just about everything. So lets see if we can agree that the sky is blue. lol :p
Not at night. :D Seriously though, I've agreed with a fair number of your quotes; indicated by my thumbs up. I rarely comment on quotes I agree with. I think the thumbs up does the job.:) We were in total 100% agreement about the Apple Watch launch. I even drafted a beautifully empathetic post about your travails with receiving Apple Watches for you and the Mrs. I had all the feels for you waiting for those watches. We disagree on things because you're an Apple fan and I'm more device and company agnostic. It's totally okay though. Even in disagreement you've never been antagonistic or discourteous. I see it as healthy debate. If it's any consolation, I disagree with my wife too. It's just better to disagree with you because you can't make me sleep on the couch.
Score: 4 Votes (Like | Disagree)

Popular Stories

iPhone 17 Pro Lower Logo Feature 1

iPhone 17 Pro Coming Soon With These 14 New Features

Monday June 30, 2025 1:08 pm PDT by
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are less than three months away, and there are plenty of rumors about the devices. Apple is expected to launch the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max in September this year. Below, we recap key changes rumored for the iPhone 17 Pro models:Aluminum frame: iPhone 17 Pro models are rumored to have an...
A18 Pro Chip

New MacBook With A18 Pro Chip Spotted in Apple Code

Monday June 30, 2025 8:05 am PDT by
Apple is developing a MacBook with the A18 Pro chip, according to findings in backend code uncovered by MacRumors. Earlier today, Apple analyst Ming-Chi Kuo reported that Apple is planning to launch a low-cost MacBook powered by an iPhone chip. The machine is expected to feature a 13-inch display, the A18 Pro chip, and color options that include silver, blue, pink, and yellow. MacRumors...
iPhone Car Key WWDC 2025

Apple Announces 13 Automakers Planning to Offer iPhone Car Keys

Friday June 27, 2025 11:42 am PDT by
In 2020, Apple added a digital car key feature to its Wallet app, allowing users to lock, unlock, and start a compatible vehicle with an iPhone or Apple Watch. The feature is currently offered by select automakers, including Audi, BMW, Hyundai, Kia, Genesis, Mercedes-Benz, Volvo, and a handful of others, and it is set to expand further. During its WWDC 2025 keynote, Apple said that 13...
maxresdefault

Five Features Coming to AirPods Pro 3

Friday June 27, 2025 10:52 am PDT by
Apple hasn't updated the AirPods Pro since 2022, and the earbuds are due for a refresh. We're counting on a new model this year, and we've seen several hints of new AirPods tucked away in Apple's code. Rumors suggest that Apple has some exciting new features planned that will make it worthwhile to upgrade to the latest model. Subscribe to the MacRumors YouTube channel for more videos. Heal...
macbook air spacegray purple

Apple Planning to Launch Low-Cost MacBook Powered By iPhone Chip

Monday June 30, 2025 3:20 am PDT by
Apple is planning to launch a low-cost MacBook powered by an iPhone chip, according to Apple analyst Ming-Chi Kuo. In an article published on X, Kuo explained that the device will feature a 13-inch display and the A18 Pro chip, making it the first Mac powered by an iPhone chip. The A18 Pro chip debuted in the iPhone 16 Pro last year. To date, all Apple silicon Macs have contained M-series...
anker power bank recall

PSA: Anker Recalls Multiple Power Banks Due to Fire Risk

Friday June 27, 2025 4:16 pm PDT by
Popular accessory maker Anker this month launched two separate recalls for its power banks, some of which may be a fire risk. The first recall affects Anker PowerCore 10000 Power Banks sold between June 1, 2016 and December 31, 2022 in the United States. Anker says that these power banks have a "potential issue" with the battery inside, which can lead to overheating, melting of plastic...
Chase Sapphire Reserve Apple Perk Feature

Chase Sapphire Reserve Card Introduces New Perk for Apple Customers

Wednesday June 25, 2025 2:08 pm PDT by
Chase this week announced a series of new perks for its premium Sapphire Reserve credit card, and one of them is for a pair of Apple services. Specifically, the credit card now offers complimentary annual subscriptions to Apple TV+ and Apple Music, a value of up to $250 per year. If you are already paying for Apple TV+ and/or Apple Music directly through Apple, those subscriptions will...
replay all time playlist apple music

Apple Music Debuts All-New Personalized Playlist

Monday June 30, 2025 7:16 am PDT by
As part of its 10-year celebrations of Apple Music, Apple today released an all-new personalized playlist that collates your entire listening history. The playlist, called "Replay All Time," expands on Apple Music's existing Replay features. Previously, users could only see their top songs for each individual calendar year that they've been subscribed to Apple Music, but now, Replay All...