By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
EveryTechEverEveryTechEver
  • News
    NewsShow More
    Globe and unconnected.org Partner to Bring Internet to Remote Schools in PH
    August 31, 2025
    Visa Contactless Payments Now Live at All MRT-3 Stations
    July 28, 2025
    Power Mac Center Masterclass: Free Workshop and Win an iPad!
    July 3, 2025
    Acer Philippines: Still #1 Thanks to a P-Pop Powerhouse
    July 2, 2025
    Solar Energy Financing in Philippines: Billease & Blueshift Partner
    June 19, 2025
  • Tech
    • Mobile
    • Computing
    • Auto
    • Cybersecurity
    • FinTech
  • Gaming
    GamingShow More
    AOC Days 2025: Get a FREE Monitor and Other Epic Rewards!
    August 7, 2025
    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
  • Lifestyle
    • Entertainment
    • Shopping
    • Appliances
    • Wellness
  • How-To
  • Reviews
    ReviewsShow More
    Xiaomi Smart Band 10 Review: The New King of Wearables?
    Redmi Note 14 Pro+ 5G Review: The Midrange King of 2025?
    Aurvana Ace 2 Review: Creative’s Comeback Earbuds Impress
    Marshall Major V Review: 100+ Hours of Playtime & Bold Sound
    Marshall Minor IV Review: A Premium Pair of Earbuds with a Vintage Touch
  • 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.

Samsung SmartThings Family Care aims to support caregivers
Galaxy S25 series breaks Galaxy Note 10 sales record
Galaxy S25 and S25+ get Snapdragon 8 Elite, 12GB RAM globally.
Samsung Mulls New Brand Name for Premium Smartphones
Samsung Galaxy A36 Set for Camera Upgrade
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

ASEAN Battery Conference: New Safety Network & Key Highlights
Tech
August 31, 2025
ConTech Expo 2025: Your Guide to the Newest Tech Event in Manila
Tech
August 31, 2025
Globe and unconnected.org Partner to Bring Internet to Remote Schools in PH
News
August 31, 2025
VinFast VF 6: The Perfect Electric SUV for the Filipino Family?
Auto
August 25, 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?