Samsung’s 3Q earnings indicate international nightmare is over

Samsung’s fiscal third quarter results show the company’s operating profit rose 80 percent to about $6.3 billion, ending two years of dismal earnings.

The South Korean company's revenue rose 7 percent to roughly $44.2 billion. Strong sales of computer chips were responsible for roughly half of the profits, with sales of displays to Chinese smartphone manufacturers also reportedly contributing to the uptick.

The company faced stiff competition on both sides of the smartphone market in recent years from No. 1 competitor Apple and low-cost, Chinese-made devices.

Samsung’s success translated to South Korea’s won rising to its highest level in nearly in two months, according to Fortune.

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