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As anticipated Samsung’s Q3 earnings report introduced record-breaking earnings with KRW 73.9 trillion ($63 billion) in income and KRW 15.8 trillion ($13.4 billion) in working earnings – the very best up to now three years and second highest in Samsung historical past. Revenues rose 10% on a yearly foundation whereas earnings elevated by 26% in comparison with Q3 2020.
As anticipated, Samsung’s semiconductor enterprise propelled earnings with prolonged demand for information facilities and cloud servers. Whole gross sales within the semiconductor division totaled KRW 26.4 trillion ($22.5 billion) which is a 16% enchancment in comparison with final yr.
Samsung’s semiconductor enterprise is the principle driver of earnings
The reminiscence and show panel companies additionally noticed main will increase in demand and earnings. The cellular communications enterprise which incorporates smartphone gross sales noticed sturdy demand for foldables, entry-level and mid-range telephones, tablets and wearables although gross sales declines by 8% to KRW 27.34 trillion ($23.33 billion).
Trying forward, Samsung expects smartphone gross sales to go up throughout the vacation season accompanied by greater demand for TVs. There’s additionally a superb outlook for the corporate’s 5G community infrastructure tools.
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