The internet behemoth anticipates that its mobile business will do even better in the fourth quarter, as demand for smartphones and wearables rises due to year-end seasonality. And, with the smartphone and wearable industries likely to rise overall next year, Samsung’s mobile sector may continue to generate excellent earnings. The IT giant’s Foundry business also performed well in the third quarter, delivering record earnings (KRW 23.02 trillion or US$16 billion in consolidated sales and KRW 5.12 trillion or US$3.6 billion in operating profit) because to strong demand from worldwide clients.
