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Slideshow Overcrowded prisons Inside California's overcrowded prison system. Slideshow Samsung posts $7.3 billion third-qurter profit, this quarter will be tougher Tweet Share this Email Print Related News Samsung's Galaxy phones drive record $7.3 billion profit Thu, Oct 4 2012 HP's outlook disappoints, shares hit nine-year low Thu, Oct 4 2012 Google warns of more Motorola cuts, revises up third quarter bill Thu, Oct 4 2012 Samsung allowed to sell Galaxy Tab in U.S. as court lifts ban Tue, Oct 2 2012 RIM delivers pleasant surprise to investors; shares surge Thu, Sep 27 2012 Analysis & Opinion Chuseok and the worldâ€™s last Cold War frontier Samsung goes after jury foreman in bid to reverse Apple verdict Related Topics Tech » Media » Related Video Galaxy Note 2: Phone, tablet or both? Thu, Oct 4 2012 1 of 4. Models pose with Samsung Electronics' new Galaxy Note 2 in Seoul in this September 26, 2012 file photo. Credit: Reuters/Lee Jae-Won/Files By Miyoung Kim SEOUL | Thu Oct 4, 2012 10:55pm EDT SEOUL (Reuters) - Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer. Most analysts, however, expect a run of four straight record quarters to end in December as the South Korean group, the world's leading maker of smartphones, TVs and memory chips, ramps up its marketing to counter Apple's new iPhone and other products in a crowded $200 billion global smartphone market. Samsung may have spent around $2.7 billion on marketing in July-September alone around the London Olympic Games and new Galaxy promotions, Credit Suisse has estimated. This year's expected record profit of 28 trillion won ($25 billion) will also trigger higher performance related payouts to many of Samsung's 206,000 staff early next year. And Samsung may have to set money aside this quarter if it fails in an appeal to overturn an August 24 U.S. court verdict that awarded more than $1 billion in damages to Apple for patent infringements by Samsung. "Fourth-quarter profit will be pressured by one-off expenses: performance payouts and some $1 billion in legal provisioning relating to the Apple litigation. Excluding those, core earnings will remain solid and a swing factor is how much Samsung spends on marketing," said Lee Sun-tae, analyst at NH Investment & Securities. Analysts expect earnings to decline until the second quarter of next year as a slump in computer sales and a weak global economy sap demand for chips and electronics products. SMARTPHONE HEAVY? "The biggest risk for Samsung is competitive product line-ups from its rivals such as the iPhone 5. Because handsets drive most of its profits, one misstep in handsets could result in losses for the whole Samsung group," said Byun Han-joon, an analyst at KB Investment & Securities. Profit at Samsung's mobile division is likely to have more than doubled in July-September to around 5 trillion won - around two thirds of total group profit - as smartphone shipments topped 58 million, including up to 20 million Galaxy S IIIs. Ahead of full quarterly results due by October 26, Samsung estimated its July-September operating profit jumped 91 percent to 8.1 trillion won from a year ago, beating an average forecast of 7.6 trillion won in a Reuters survey of 16 analysts. That would be more than a fifth higher than the previous record in April-June. The company, valued at around $197 billion, estimated its third-quarter revenue at 52 trillion won, in line with forecasts. Samsung shares fell 0.5 percent to 1.36 million won ($1,200) on Friday. The stock has risen more than 7 percent since the U.S. patent defeat in August. Apple shares have gained less than 1 percent. CHEAP AS CHIPS Strong handset sales made up for reduced profits from its chip business, as prices of its mainstay dynamic random access memory (DRAM) chips, used in computers and mobiles, dropped 14 percent in the September quarter. DRAM chips now trade below what it costs most contract manufacturers to make them, and will squeeze near-term earnings, analysts say. Tablets and smartphones, the real growth areas, use far smaller memory storage. Samsung is expected to invest less in chips next year due to the drop in demand, which could be bad news for semiconductor equipment manufacturers such as ASML. Kwon Oh-hyun, promoted to Samsung CEO in June, said late last month that the group has yet to finalize its 2013 investment plans. Samsung is beefing up its product line-up, with the latest phone-cum-tablet Galaxy Note expected to go on sale in the United States this month, and its ATIV smartphones that run on Microsoft's new Windows system to compete with Nokia's Lumia series. TAKING NOTE Samsung's mobile division chief JK Shin last week predicted Note II sales could be three times higher than those of its predecessor model in the three months after launch - suggesting sales of around 10 million devices by the end of this year. Some analysts see the Note II, a stripped-out, cheaper version of the Galaxy S III and rising NAND flash memory chip prices helping Samsung deliver higher fourth-quarter profit. Nomura on Friday predicted October-December profit could be up to 10 percent more than the 8.1 trillion won in July-September. In a note on Friday, Citi analyst Henry Kim predicted strong October-December profits, driven by a recovery in semiconductors, though telecoms operating margins could decline by 5 percentage points to 15 percent as it spends more on marketing. "The semiconductor division will show the strongest momentum," he said. Despite a bruising series of patent disputes and the reputational risk of the U.S. court defeat in August, Samsung's brand value has surged this year as it shipped more handsets and smartphones than any of its rivals. The value of the Samsung brand has jumped to 9th in the world - up from 17th last year - at $32.9 billion, according to brand consultancy Interbrand. That's more than Toyota Motor, but less than half of second-ranked Apple's $76.6 billion. ($1 = 1112.6500 Korean won) (Reporting by Miyoung Kim; Editing by Ian Geoghegan) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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