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  • https://mobiletony.com - Samsung Financial Report for the third quarter of 2021 - the highest quarterly profit in the last three years

    Samsung Financial Report for the third quarter of 2021 - the highest quarterly profit in the last three years
    26 Days, 9 Hours ago


    Tags:  Statistics  -  Financial-Report  -  Samsung

    Samsung released its financial report for the third quarter of this year (ending September 30) on Thursday, October 28, 2021 (November 6, 1400). According to the report, Samsung's revenue in the last quarter, with an annual growth of 10%, amounted to an unprecedented figure of 73.98 trillion Korean won, which at the current exchange rate is approximately equal to 63 billion dollars. Samsung's operating profit was 15.82 trillion won ($ 13 billion), up 26 percent from the same period last year. Samsung has had one of its brightest seasons, with quarterly operating profit being the highest quarterly profit in three years and second in Samsung history.

     Samsung Financial Report for the third quarter of 2021 - the highest quarterly profit in the last three years

    According to Samsung, the continuation of favorable conditions in the memory market plays an important role in success Has had recent finances. Of course, the semiconductor product business and the display panel segment also sold well. Apparently, the consumer goods market has also been in line with Samsung in recent seasons. In the following, we will review more details of the performance of individual parts of this Korean company in the third quarter of 2021.

    Information and Mobile Communication Technology

    As overall corona restrictions eased, overall market demand increased over the last quarter compared to the second quarter. Thus, despite the global shortage of parts, mobile sector revenue in the third quarter was higher than in the previous quarter. According to a recent report, Samsung has achieved revenue of 28.42 trillion won and 3.36 trillion won of operating profit. According to Samsung, sales of the company's smartphones have increased compared to the second quarter of this year, thanks to strong sales of flagship models - including the Galaxy Z Fold3 and Galaxy Z Flip3 - as well as phones that target the mass market. Operating income and profit of Samsung's mobile ICT sector, of course, has decreased on such a day compared to last year. The decline was 6.7 percent for revenue and close to 24.5 percent for operating profit.

    https://mobiletony.com Samsung Financial Report for the third quarter of 2021 - the highest quarterly profit in the last three years Samsung Galaxy Z Flip3 Bespoke Edition

    Personal and tablets - also continued to grow. It should be noted that Samsung's spending on advertising and marketing its clamshell devices has affected the profitability of this sector to some extent, but in the end, Samsung managed to end the third quarter with double-digit profit margins. Not to mention, Network Business (a subsidiary of the mobile sector) has also been able to expand its 5G network in South Korea in recent seasons, expanding its business outside of Korea (including North America and Japan).

    Samsung hopes that in the last quarter of this year, with the further expansion of its advanced smartphones - such as the Galaxy Z Flip3 Bespoke Edition - as well as the continued acceleration of sales of the Galaxy S series, it can maintain the double-digit profit margin of this segment. Slowly In addition, given the demand to replace older handsets with new ones, Samsung is actively targeting this segment of the market with fifth-generation (competitively priced) devices and intends to sell other products such as wearables, PCs and tablets. Also increase. Semiconductor Product Business

    As expected, Samsung's major profit in the third quarter of 2021 came from this segment. Samsung managed to generate revenue of 26.41 trillion won by selling products in this sector, of which 10.6 trillion was operating profit.

     Samsung Financial Report for the third quarter of 2021 - the highest quarterly profit in the last three years

    Due to the trend towards higher-core CPUs in the first half of the year Demand for DRAMs continued to grow. Changes in the work environment and the move to a hybrid work environment (a combination of face-to-face and telecommuting) have also led to high demand for end-users to purchase personal computers. As a result, the revenue generated in the DRAM sector in the last quarter is the second highest in the history of this sector.

    In the NAND memory segment, we saw an improvement in demand for server-specific SSDs. Major customers in the server sector also increased their investment, and demand from data centers for high-capacity products continued to grow.

     Samsung Financial Report for the third quarter of 2021 - the highest quarterly profit in the last three years

    In a business called System LSI, revenues have also improved in the last quarter. Samsung attributes this to the growing demand for chipsets and display driver ICs, which are also the result of new smartphones. It should be noted that in the third quarter of 2021, Samsung succeeded in producing the first 200-megapixel image sensor for smartphones, as well as the smallest dual-pixel image sensor in the industry.

    Display Panel Business

    Revenue of $ 8.86 trillion and operating profit of 49 1.49 trillion was the achievement of Samsung Display Panel Business in the third quarter of 2021. According to Samsung, the revenue of this sector has improved in the last quarter compared to the second quarter, the most important reason for which should be attributed to the strong sales of OLED panels in small to medium sizes. However, according to Samsung, the display panel business in the field of large screens showed poor performance.

    https://mobiletony.com Samsung Financial Report for the third quarter of 2021 - the highest quarterly profit in the last three years Consumer Electronics

    This business consists of two sections: "video displays" and "digital home appliances". Samsung's financial report shows that as a result of sales of its products in the third quarter, the company earned 14.10 trillion ounces of revenue, of which only 0.76 trillion was operating profit. Despite strong sales of Bespoke TVs and home appliances, the profitability of consumer electronics has declined, both compared to the previous season and the same period last year. Samsung attributes the decline to a significant increase in raw material prices as well as logistics costs (such as warehousing, handling, packaging, shipping, etc.).





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