Samsung third quarter operating profit drops despite "robust shipments" of Galaxy Note 10

Earlier today, Apple released its fiscal fourth quarter earnings report showing a decline in iPhone revenue (that still beat what Wall Street was expecting), and strong growth in Wearables, iPad sales and in the Services unit. In South Korea, Samsung has just released its third quarter results. According to CNBC, the company reported a 56% year-over-year decline in operating profit although the figure was up 18% from this year's second quarter. The figure also topped Samsung's expectations.
"(For the fourth quarter we expect) demand for components to turn sluggish in general amid weak seasonal effects, while marketing expenses are likely to increase to address year-end smartphone sales."-Samsung
For next year, Samsung expects growing sales for its semiconductors as more manufacturers produce 5G enabled phones. It also expects higher shipments of its own 5G phones and its foldable devices. Besides the currently available Galaxy Fold, we could see the Galaxy Fold 2 launch next April. Unlike the current foldable that closes inwards and folds around the vertical axis, the Galaxy Fold 2 (codenamed "Bloom") will open and close along the horizontal axis similar to what we expect to see with the upcoming Motorola RAZR (2019).