The highest ever recorded by the company, Samsung predicts its Q3 profits will be $12.8 billion, marking a massive improvement year-on-year. The figures were spurred by high sales for its components.
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The South Korean giant's shares are already surging in value and are expected to climb as forecasts suggest profits exceeding expectations when earnings for the third quarter are posted.
If you've been clinging to the fantasy that Microsoft's Windows phone division is still alive and well, think again: the company's own figures show that it generated just $5m in revenue last quarter.
Microsoft's latest financial report shows continued strong performance for the company's cloud platform and its Office business, and while gaming and search revenues rose, Surface and Phone dropped.