UPDATED. 2021-12-03 14:31 (금)
Samsung posts record revenue in Q3 thanks to foldables, memory 
Samsung posts record revenue in Q3 thanks to foldables, memory 
  • Jang Keyoung Yoon
  • 승인 2021.10.28 17:40
  • 댓글 0
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Company records second-best operating income
Image: Samsung
Image: Samsung

Samsung Electronics said on Thursday that it has recorded 73.98 trillion won in revenue and 15.82 trillion won in operating profit during the third quarter this year.

Its operating margin rate was 21.4% during the quarter.

Revenue was its best for a quarter ever while operating profit was its second-highest to date.

Revenue increased 10.5% and operating profit 28% compared to the same time period in 2020.

Samsung said it saw growth across the board __ in smartphones, semiconductors and displays.

Backed by its results, the South Korean tech giant will also likely record its highest annual revenue ever in 2021.

Samsung’s semiconductor business recorded 26.41 trillion won in revenue and 10.06 trillion won in operating profit during the quarter.

Sales from DRAM was its second-best ever for a quarter while in terms of shipment it was the highest on record, the company said.

Sales of 15-nanometer DRAM and 128-layer V-NAND expanded during the quarter, which allowed the firm to save cost, Samsung said.

Product supply to customers by its foundry business also expanded during the quarter, the company said.

The display business posted 8.86 trillion won in revenue and 1.49 trillion won in operating profit. Samsung said earnings were buoyed by the launch of new products by its major smartphone customer __ a reference to Apple __ but its large-sized liquid crystal display division recorded losses.

Samsung’s mobile business recorded 3.36 trillion won in operating profit. Profits improved compared to the prior quarter thanks to the launch of new foldable phones, expanded sales of low- to mid-tier smartphones and growth in Galaxy ecosystem devices, the South Korean tech giant said. 

Its consumer electronics business contributed 0.76 trillion won in operating profit. Profits were dented by rising costs in raw materials and distribution, Samsung said.

For the fourth quarter, Samsung expected demand for customers to be affected by the chip shortage.

It will focus on selling premium products to maintain profitability, the company said.

Samsung also said it expected global IT demand to recover come 2022, and it will apply advanced processes and technologies to its products to record strong profitability that year.


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