Revenues are expected to be $58 billion.

Samsung’s semiconductor business accounted for 78% of Samsung’s profits in Q2, but displays and phones saw a Q2 profits decline.

Q3 is expected to be better than Q2 for the display business as  Apple’s new iPhones use the higher-value OLEDs rather than LCDs. Apple accounts for 25-30% of Samsung’s  display revenues.

Despite the record results, Samsung’s shares have fallen 12% this year due to expectation of lower memory ASPs.