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The world’s No.1 maker of memory chips and smartphones said revenue rose 8.9 percent from a year earlier to 51.7 trillion won helped by increased sales of their popular Galaxy Note 5. “In

the fourth quarter, the company expects earnings to decline from the earlier quarter, as it does not expect the foreign exchange rate to have a positive effect,” Samsung said in a statement.

It said the won’s weakness against the U.S. dollar led to an 800-billion-won gain during the July-September period. The mobile division’s profit rose to 2.40 trillion won from 1.75 trillion

a year earlier. In the company’s key smartphone business, Samsung said it saw a significant increase in sales after it sped up the launch of its flagship Galaxy S6 Edge+ and Galaxy Note 5

series phones to try and get an edge on rival Apple. The success of that strategy has some speculating that its next flagship handset, presumed to be called the Galaxy S7, will be launched a

month earlier than normal in January. However, Samsung profits in the mobile phone business fell slightly from the previous quarter, after the company cut the price of the Galaxy S6 and S6

Edge to help boost sales. It also sold a higher percentage of cheaper, low- and mid-range phones. IDC said on Wednesday that it estimates Samsung shipped 84.5 million smartphones during the

quarter. That put it far ahead of nearest rival Apple, which shipped 48 million iPhones, and third-placed Huawei with 26.5 million shipments. But the chip division remained the top earner

for the fifth-straight quarter with a record 3.66 trillion-won profit. Healthy third-quarter returns have boosted hopes that Samsung’s profit recovery remains intact, although investors

remain sceptical about Samsung’s ability to return to the record profits it posted in 2013. Despite a major overhaul of its product line up, researcher TrendForce says Samsung’s smartphone

shipments will shrink for the first time in 2015 due to competition from Apple. The Company has not said how well their TV Division is doing.