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The world’s No.1 maker of memory chips and smartphones saidrevenue rose 8.9 percent from a year earlier to 51.7 trillion won helped byincreased sales of their popular Galaxy Note 5.

“In the fourth quarter, the company expects earnings todecline from the earlier quarter, as it does not expect the foreign exchangerate to have a positive effect,” Samsung said in a

statement.

It said the won’s weakness against the U.S. dollar led to an800-billion-won gain during the July-September period.

The mobile division’s profit rose to 2.40 trillion won from1.75 trillion a year earlier.

In the company’s key smartphone business, Samsung said itsaw a significant increase in sales after it sped up the launch of its flagshipGalaxy S6 Edge+ and Galaxy Note 5 series phones to try

and get an edge on rivalApple.

The success of that strategy has some speculating that itsnext flagship handset, presumed to be called the Galaxy S7, will be launched amonth earlier than normal in January.

However, Samsung profits in the mobile phone business fellslightly from the previous quarter, after the company cut the price of theGalaxy S6 and S6 Edge to help boost sales. It also sold a

higher percentage ofcheaper, low- and mid-range phones.

IDC said on Wednesday that it estimates Samsung shipped 84.5million smartphones during the quarter. That put it far ahead of nearest rivalApple, which shipped 48 million iPhones, and

third-placed Huawei with 26.5million shipments.

But the chip division remained the top earner for thefifth-straight quarter with a record 3.66 trillion-won profit.

Healthy third-quarter returns have boosted hopes thatSamsung’s profit recovery remains intact, although investors remain scepticalabout Samsung’s ability to return to the record profits it

posted in 2013.

Despite a major overhaul of its product line up, researcherTrendForce says Samsung’s smartphone shipments will shrink for the first timein 2015 due to competition from Apple.

The Company has not said how well their TV Division isdoing.

About Post AuthorDavid RichardsDavid Richards has been writing about technology for more than 30 years. A former Fleet Street journalist, he wrote the Award Winning Series on the Federated

Ships Painters + Dockers Union for the Bulletin that led to a Royal Commission. He is also a Logie Winner for Outstanding Contribution To TV Journalism with a story called The Werribee

Affair. In 1997, he built the largest Australian technology media company and prior to that the third largest PR company that became the foundation company for Ogilvy PR. Today he writes

about technology and the impact on both business and consumers.Share