Following Sony Ericsson's quarterly results yesterday, Samsung Electronics said its net income only rose 1 percent in its third quarter because of weak sales in its semiconductors business, which undercut improvements in handset sales and other units. The company has decided to increase CAPEX for the semiconductor unit by 25 percent for the duration of the year. The company earned $2.38 billion during the quarter, better than expectations.
Samsung's operating margin for its mobile phone division improved to 11.6 percent, up from 11 percent a year ago.
For more on the company's Q3:
- read this article from the WSJ (sub. req.)