By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
EveryTechEverEveryTechEver
  • News
    NewsShow More
    Epson and Haribon Join for Coastal Cleanup
    March 24, 2025
    Power Mac Center backs Bataan LGU bid to upskill teachers
    March 13, 2025
    Web3 on Wheels: YGG Pilipinas Hits the Road with the Metaverse Filipino Worker (MFW) Caravan
    March 8, 2025
    Australian home and lifestyle brand Anko to open second store in Alabang Town Center
    February 20, 2025
    Apple TV App Officially Launched on Android
    February 13, 2025
  • Tech
    • Mobile
    • Computing
    • Auto
    • Cybersecurity
    • FinTech
  • Gaming
    GamingShow More
    Acer
    Acer Leads Notebook Markets in the Philippines
    March 29, 2025
    NVIDIA GeForce RTX 50 Series: Dual Front Fans Design Return?
    January 5, 2025
    New ASUS ROG Swift OLED: 4K 240Hz Gaming Monitor Unveiled
    January 5, 2025
    Thunderobot ZERO Gaming Laptop Debuts at CES 2025
    January 5, 2025
    GPD Win Max 2 (2025) Mini Gaming Laptop Launched
    December 8, 2024
  • Lifestyle
    • Entertainment
    • Shopping
    • Appliances
    • Wellness
  • How-To
  • Reviews
    ReviewsShow More
    Marshall Major V
    Marshall Major V Review: Rock Your World with 100+ Hours of Playtime
    Marshall Minor IV Review: A Premium Pair of Earbuds with a Vintage Touch
    Tecno Spark 30C – Redefining entry-level smartphone
    Redmi 14C review
    Review: Redmi 14C – The Stylish Budget Phone That Packs a Punch
    Nothing Phone 2 Long-Term Review: An almost flagship killer
  • About Us
    • Contact Us
Search
© 2023 EveryTechEver. Your daily source of everything tech. All Rights Reserved.
Reading: Samsung Q3 earnings posted all-time high earnings
Share
Sign In
Notification Show More
Font ResizerAa
EveryTechEverEveryTechEver
Font ResizerAa
Search
  • News
  • Tech
    • Mobile
    • Computing
    • Auto
    • Cybersecurity
    • FinTech
  • Gaming
  • Lifestyle
    • Entertainment
    • Shopping
    • Appliances
    • Wellness
  • How-To
  • Reviews
  • About Us
    • Contact Us
Have an existing account? Sign In
Follow US
© 2023 EveryTechEver. Your daily source of everything tech. All Rights Reserved.
EveryTechEver > Blog > Tech > Enterprise > Samsung Q3 earnings posted all-time high earnings
Enterprise

Samsung Q3 earnings posted all-time high earnings

RV Cuarto
Last updated: October 29, 2021 10:35 AM
RV Cuarto
Share
3 Min Read
SHARE

Last year, Samsung withstood the epidemic by recording a third-quarter sales record of 66.96 trillion won, a new high. The Korean tech giant just announced that it achieved a new record for the same period in 2021, with a revenue of 73.98 trillion won ($63 billion). Samsung claims that its profits increased by 26% year over year to 15.82 trillion won ($13 billion), despite revenue increasing by about 10%.

Despite a global scarcity of crucial semiconductors, Samsung’s memory chips and processors, which are used in everything from servers to mobile phones, remain in high demand. Companies are buying more SSDs, CPUs, and RAM for servers as they transition to hybrid work.

Big memory chip prices mean high earnings for Samsung as the world’s top chipmaker, even if rising raw material and logistical expenses cut into its consumer electronics division’s revenues. Sales of its memory sector increased by 46 percent year over year, while profits in the semiconductor segment nearly doubled, rising from 5.54 trillion won to 10.06 trillion won (US$8.5 billion) (pdf).

Samsung, the world’s largest phone manufacturer, claims that the demand for foldable phones like the Galaxy Z Flip 3 and Galaxy Z Fold 3 as well as its low-to-mid-range Galaxy handsets has been high.

- Advertisement -

Despite concerns of potential production challenges and lowered manufacturing plans for Apple’s iPhone 13 series, Samsung claims that its mobile display revenues increased “due to demand for freshly announced products from major smartphone customers.” Apple is Samsung’s most important customer for mobile OLED panels, and the business will disclose its quarterly earnings tomorrow.

In the fourth quarter, Samsung anticipates strong earnings for its mobile displays, and not just because of phones. Larger products, such as laptops, tablets, and game consoles, such as Nintendo’s new Switch OLED, which uses a Samsung-made screen, have a strong demand for OLED.

Samsung’s TV business is focused on the high-end, with the firm stating that it is on schedule to begin producing new quantum dot-based sets, which will continue Samsung’s fight against LG’s OLED TVs.

Elon Musk officially bought Twitter. Here’s what will happen next
Samsung Enters ‘Crisis’ Mode Following Weak Quarter
Make Your Gaming More Awesome with the New Samsung Galaxy A52s 5G
Charging speed of the Samsung Galaxy S25 Edge confirmed
Samsung has officially announced the Galaxy S24 FE
TAGGED:Samsung

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
ByRV Cuarto
Follow:
RV Cuarto is the founder and editor-in-chief of EveryTechEver, a startup team of writers and researchers. He started in tech journalism in the early days of 2012 as the founder of the successful tech site Nokia Revolution. His belt of experience spans across the industry, from consumer electronics, data operations, and cloud computing, with several brands including Dell, Nokia, Realme, and Huawei. He is also an HIV advocate and a public speaker. He spends his free time singing, playing mobile games, and experimenting with new recipes in his kitchen. Follow him on Tiktok.
Previous Article Facebook rebrands itself as Meta
Next Article Age of Empires IV is now available on Windows
Leave a Comment Leave a Comment

Leave a ReplyCancel reply

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

TCL FreshIN 3.0: Your Smart, Award-Winning Comfort for Beating the Summer Heat
Lifestyle
May 8, 2025
TECNO Launches CAMON 40 Series with Sarah G 
Mobile
May 2, 2025
Enchanted Kingdom
Xiaomi Presents SB19 Summer Concert at Enchanted Kingdom
Events Mobile
April 25, 2025
TECNO
TECNO Brings CAMON 40 to PH with AI and Popstar Flair
Mobile
April 17, 2025
//

Your daily source of everything tech.

//

We influence 20 million users and is the number one business and technology news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

EveryTechEverEveryTechEver
Follow US
© 2023 EveryTechEver. Your daily source of everything tech. All Rights Reserved.
  • Privacy Policy
  • Terms of Service
  • Contact Us
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?