UPDATE 3-Toshiba Q3 profit surges on smartphone boom, cost cuts

Mon Jan 31, 2011 3:30am GMT
 

* Consensus puts Q3 operating profit at 50.2 bln yen

* Small LCD panels also likely to see smartphone boost

* TV sales spiked late last year in Japan on govt. subsidy

By Isabel Reynolds

TOKYO, Jan 31 (Reuters) - Japan's Toshiba Corp (6502.T: اقتباس) is expected to report a five-fold rise in October-December operating profit on Monday on robust sales of NAND flash memory used in smartphones and tablets.

Sales of small to mid-sized liquid-crystal display panels are also expected to have benefited from the boom in high-end mobile devices led by Apple's AAPL.O iPad and iPhone.

Toshiba, which makes everything from nuclear power plants to household appliances, also competes with Hewlett-Packard HPQ.N and Dell DELL.O in personal computers.

Toshiba is the world's second largest supplier of NAND chips after South Korea's Samsung Electronics 005930.KS, which reported its weakest profit in six quarters, but is expected to post an improvement in results this year as the smartphone market expands further.   يتبع