While other companies seem to be struggling to post massive profits and keep their share prices high - I'm talking about Apple, folks - its biggest competitor has just posted another record high in operating profits.
Samsung has just posted its earnings for the Q3 period, with profits of $9.6 billion setting a new record high for the South Korean giant. The increased profits are thanks to its cheaper Galaxy smartphones, as well as profits from its memory side of things - such as Flash storage and RAM. Samsung has seen increased demand for its chips in the upcoming next-gen consoles, smartphones, servers, PCs and much more.
The company is seeing less profits on its TVs as prices continue to drop, but sales of its 60-inch and higher TVs are said to be growing.