The third quarter of 2021 was a file breaker for Samsung, which posted a income of 73.98 trillion Korean received or US$63.1 billion. That’s 10 p.c increased from the identical interval final yr. It additionally reported an working revenue of 15.82 trillion Korean received or U$13.5 billion, which is 26 p.c increased than the earlier quarter’s. 

Despite the pandemic, the tech big’s semiconductor enterprise posted 26.4 trillion received or US$22.6 billion in income, because of a powerful demand for computer systems attributable to corporations implementing work-from-home preparations. Its DRAM gross sales, primarily for servers, proceed to develop and is the main issue for the division’s stellar efficiency. Samsung says it was capable of do enterprise as traditional regardless of the worldwide scarcity in chip parts “by flexibly operating its product mix.”

In addition to its chip enterprise, Samsung’s cell division additionally contributed significantly to its record-breaking third quarter. It noticed an enchancment from the earlier quarter, with its 28.42 trillion received or U$24.2 billion in income, because of sturdy gross sales of its mass-market lineup and its flagship fashions. The latter contains its new foldable gadgets, the Galaxy Z Fold 3 and Galaxy Z Flip 3, although the corporate admitted that the larger advertising investments for its foldables affected the division’s whole earnings. 

It’s additionally because of the excessive demand for its telephones that Samsung’s show enterprise was capable of publish 8.86 trillion received or US$7.5 billion in income. Display earnings have been up from the earlier quarter primarily because of the increased demand for small to medium OLED panels regardless of a sluggish demand for greater panels.

Samsung stays optimistic for the fourth quarter, in addition to for subsequent yr, however it did not present particular steerage for its chip enterprise because of the ongoing part provide difficulty affecting varied industries. It expects continued excessive demand for PCs and servers, nonetheless. For the fourth quarter particularly, it is anticipating even increased earnings “due to expanded supply of SoCs and related products for launches of new 5G smartphones in 2022.”