Samsung posts legend-high income thanks to its chip and cell companies

Samsung posts legend-high income thanks to its chip and cell companies

The third quarter of 2021 modified into once a legend breaker for Samsung, which posted a income of 73.98 trillion Korean won or US$63.1 billion. That’s 10 p.c higher from the identical interval final yr. It also reported an operating income of 15.82 trillion Korean won or U$13.5 billion, which is 26 p.c higher than the old quarter’s. 

Without reference to the pandemic, the tech wide’s semiconductor industry posted 26.4 trillion won or US$22.6 billion in income, thanks to a sturdy query for computers due to companies implementing work-from-dwelling arrangements. Its DRAM gross sales, mainly for servers, continue to develop and is the leading facet for the division’s stellar performance. Samsung says it modified into once in a region to enact industry as long-established despite the enviornment shortage in chip parts “by flexibly operating its product mix.”

As well to its chip industry, Samsung’s cell division also contributed vastly to its legend-breaking third quarter. It saw an enchancment from the old quarter, with its 28.42 trillion won or U$24.2 billion in income, thanks to sturdy gross sales of its mass-market lineup and its flagship items. The latter contains its fresh foldable devices, the Galaxy Z Fold 3 and Galaxy Z Flip 3, though the firm admitted that the larger marketing investments for its foldables affected the division’s entire earnings. 

Or not it is miles on the entire thanks to the high query for its phones that Samsung’s demonstrate industry modified into once in a region to post 8.86 trillion won or US$7.5 billion in income. Expose earnings had been up from the old quarter basically as a result of higher query for small to medium OLED panels despite a leisurely query for bigger panels.

Samsung stays optimistic for the fourth quarter, moreover to for next yr, but it did not provide particular guidance for its chip industry as a result of continuing ingredient provide enviornment affecting various industries. It expects persisted high query for PCs and servers, however. For the fourth quarter namely, it be attempting forward to even higher earnings “due to expanded provide of SoCs and associated merchandise for launches of fresh 5G smartphones in 2022.”

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