Samsung Electronics anticipates a record-breaking operating profit of 107.4 trillion Korean won (approximately $80 billion) for the third quarter, but the boom in its memory chip business is squeezing profits from its Galaxy phones. Although Samsung Electronics co-CEO Roh Tae-moon stated in July that not all cost increases would be passed on to consumers, by October, Samsung had raised the price of its Galaxy S26 phone, released seven months prior, by nearly 150,000 Korean won ($112) in South Korea and by $100 to $200 in the United States.