Samsung reported a 26% rise in profits to hit $7.6bn in the third quarter, mainly due to strong smartphone sales and an upturn in its memory chip business.
The South Korean firm reported third quarter revenues of $55.59bn, together with a combined operating profit of around $9.56bn.
Senior VP Robert Yi said in a statement that despite currency depreciation in emerging markets, increased price competition and global market uncertainties, the company relied on memory chips and smartphones to record high sales.
"Although we expect demand to increase next quarter due to peak seasonality, lingering macro-economic issues and intensifying market competition will remain in the fourth quarter," Yi added.
Profitability was mainly shored up through the development of dynamic random access memory (DRAM) for mobile devices, servers and digital game consoles, in addition to expansion of 20nm class process migration.
"Looking ahead, mobile DRAM shipments will stay strong with the release of various low to high-end smartphones as the holiday season nears," Samsung said.
During early October, Samsung launched the new Galaxy Round smartphone with a curved display screen, beating rival LG to offer a curved screen device.
The South Korean firm also launched the new Galaxy Gear smartwatch in September.
