In 2020, Samsung weathered the pandemic by posting a file excessive for income within the third quarter of 66.96 trillion received. The corporate simply revealed that it set one other file for a similar interval in 2021, reaching 73.98 trillion received, or about $63 billion. Whereas its income was up about 10 %, Samsung says its income grew by 26 % from final yr to hit 15.82 trillion received ($13 billion).
Regardless of a scarcity of key chips worldwide, the reminiscence chips and processors Samsung makes that go into all the pieces from servers to cellphones are in as a lot demand as ever. Shifts to hybrid work imply have firms shopping for extra SSDs, CPUs, and RAM for servers
Because the world’s largest chipmaker, excessive costs for reminiscence chips imply excessive income for Samsung, even when rising prices for uncooked supplies and logistics reduce into the income of its shopper electronics division. Gross sales for its reminiscence division particularly have been up 46 in comparison with the identical interval final yr, whereas income for the semiconductor division as an entire almost doubled, going from 5.54 trillion received to 10.06 trillion received (~$8.5 billion) (pdf).
Samsung can be the world’s largest telephone maker and says that it noticed sturdy demand for foldable like its Galaxy Z Flip 3 and Galaxy Z Fold 3 and the low- to mid-range Galaxy smartphones it produces.
Regardless of stories of potential manufacturing points and slashed manufacturing targets for Apple’s iPhone 13 lineup, Samsung says its cellular show earnings rose “pushed by demand for newly launched merchandise from main smartphone prospects.” Probably the most main buyer that Samsung supplies its cellular OLED shows to is Apple, and that firm will report its quarterly earnings tomorrow.
Wanting into the long run, Samsung expects strong earnings for its cellular shows in This fall, and never simply due to telephones. There’s demand for OLED in bigger gadgets like laptops, tablets, and particularly recreation consoles like Nintendo’s new Change OLED, which makes use of a Samsung-made panel.
So far as its TV enterprise, the corporate is concentrated on the high-end, saying that it’s on monitor to start out producing new quantum dot-based units that can proceed Samsung’s battle towards OLED TVs from LG.