Going by the preliminary third-quarter results of Samsung Electronics Co, a bounce back in prices likely helped the Suwon, South Korea-based firm to report more than a twofold increase in its earnings.

As per a Tuesday statement by the well-known maker of chips, flat screens and mobile phones, its consolidated operating profit for the quarter ended September 30 soared to 4.3 trillion won, as against the year-before figures of 1.48 trillion won.

Meanwhile, sales for Samsung during the quarter are projected to be a consolidated figure of between 35 trillion won and 37 trillion won, vis-à-vis the same quarter earlier year sales figures of
30.3 trillion won.

Commenting on Samsung’s notable figures for the third quarter, Jay Kim, who follows Samsung for Hyundai Securities in Seoul, said: “Market share really jumped on all fronts — DRAM, flash, handsets, TVs, LCD panels.”

Kim said that he expects Samsung to record a quarterly net profit of 3.4 trillion won, which would mark an almost three-fold increase over the year earlier profit of 1.2 trillion won.

Though Samsung has refrained from commenting on its third quarter results, most of the analysts opine that the key reason behind the company’s noteworthy third-quarter performance is the improvement in business conditions, like rising prices for memory chips and liquid crystal displays, and the comparatively weak Korean won against the Japanese yen.