Samsung expects record $12.8-billion Q3 operating profit

Samsung Electronics' Galaxy Note 8 are seen on display at its store in Seoul South Korea

The Note 8 received 850,000 pre-orders in South Korea, the highest ever for the series.

The South Korean tech giant also said it expected consolidated sales to be about 62 trillion Korean won, a touch lower than the 62.1 trillion won market forecast.

The technology giant estimated operating profit for the third-quarter nearly tripled to 14.50 trillion Korean won or $12.8 billion from 5.20 trillion won a year ago.

It is also a 3 percent rise from this year's second quarter - its previous highest - of 14.07 trillion won in profits.

The company is set to release its final earnings report later this month.

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Samsung's mobile division saw its operating profit plunge to 100 billion won in the third quarter of 2016 due to the suspended production of the Galaxy Note 7, which recovered to 2.5 trillion won a quarter later.

Lee, who was found guilty in August of bribery, perjury and other charges relating to payments made by Samsung to ousted president Park Geun-Hye's secret confidante Choi Soon-Sil, is appealing his five-year sentence and says he is innocent.

Samsung said its July-September profit was likely 14.5 trillion won ($12.81 billion), compared with an average forecast of 14.3 trillion won from a Thomson Reuters survey of 20 analysts.

Both shipments and prices of the company's main products - DRAM and NAND memory chips - have been increasing over the past several months, he said.

Mirae Asset Daewoo Securities added the consumer electronics division will experience growth on the back of strong seasonal demand. Analysts have tipped its chip division to propel the firm to record overall profit. Samsung announced its earnings guidance before the market opened Friday.

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