Samsung posts record-high income due to its chip and cell companies

Mariella Moon

The third quarter of 2021 was a file breaker for Samsung, which posted a income of 73.98 trillion Korean received or US$63.1 billion. That is 10 p.c greater from the identical interval final yr. It additionally reported an working revenue of 15.82 trillion Korean received or U$13.5 billion, which is 26 p.c greater than the earlier quarter’s. 

Regardless of the pandemic, the tech large’s semiconductor enterprise posted 26.4 trillion received or US$22.6 billion in income, due to a powerful demand for computer systems because of corporations implementing work-from-home preparations. Its DRAM gross sales, primarily for servers, proceed to develop and is the main issue for the division’s stellar efficiency. Samsung says it was capable of do enterprise as normal regardless of the worldwide scarcity in chip elements “by flexibly working its product combine.”

Along with its chip enterprise, Samsung’s cell division additionally contributed tremendously to its record-breaking third quarter. It noticed an enchancment from the earlier quarter, with its 28.42 trillion received or U$24.2 billion in income, due to sturdy gross sales of its mass-market lineup and its flagship fashions. The latter consists of its new foldable units, the Galaxy Z Fold 3 and Galaxy Z Flip 3, although the corporate admitted that the larger advertising investments for its foldables affected the division’s whole earnings. 

It is also due to the excessive demand for its telephones that Samsung’s show enterprise was capable of publish 8.86 trillion received or US$7.5 billion in income. Show earnings have been up from the earlier quarter primarily because of the greater demand for small to medium OLED panels regardless of a sluggish demand for larger panels.

Samsung stays optimistic for the fourth quarter, in addition to for subsequent yr, however it did not present particular steering for its chip enterprise because of the ongoing part provide subject affecting varied industries. It expects continued excessive demand for PCs and servers, nonetheless. For the fourth quarter particularly, it is anticipating even greater earnings “because of expanded provide of SoCs and associated merchandise for launches of recent 5G smartphones in 2022.”

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