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Samsung’s 3rd Quarter Earnings Set a New Record at $9.6 Billion

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Once again, Samsung has set another record when it disclosed its 2013 third quarter earnings call – operating  profits hit $9.6 billion  (10.2 million won).  However, this quarter’s profits did not come from the sales of its flagship smartphones, the Galaxy S4 and Galaxy Note 3, nor even from its tablet sales – they made it the old fashioned way, “they earned it!” This time it was through the sweat of their foundries making their CPU and memory chips and selling them to their competitors; and by selling cheaper Galaxy devices in emerging markets, as high-end phone sales are beginning to flatten out; and prices are surging for memory chips that doubled last years results. The demand for memory chips and processors is on the rise as more and more items are becoming “smart,” as in Smart TVs and gaming consoles.  With downloads of streaming video, such as YouTube and Netflix, continuing to grow, more consumers are doing away with cumbersome boxes and opting for Smart TV’s, with the “brai