Quarterly figures: Samsung’s sales and profits are increasing thanks to storage

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Quarterly figures: Samsung's sales and profits are increasing thanks to storage

Samsung posted a new record quarter due to the very high demand in times of the ongoing corona crisis, the semiconductor division alone generates 40 percent more sales and 80 percent more profit thanks to record deliveries.advantageous prices“.

The memory business in particular is once again the lighthouse at Samsung. In the third quarter, the division achieved the second-highest DRAM sales in the company’s history; overall sales for memory increased by 46 percent compared to the previous year. The entire semiconductor division, which includes the DRAM and NAND business, grew by 40 percent. These increases had an impact on profits, which rose by 80 percent within a year and now make up almost two-thirds of the group again.

For the coming months up to 2022, however, Samsung is now expecting increased headwinds due to bottlenecks in components. According to Samsung, these are even above expectations; the primary goal is now to fulfill contracts and, above all, to meet the demand for memory for servers. Increased flexibility should help with this.

Samsung Quarterly Report Q3 2021 Samsung Quarterly Report Q3 2021 (Image: Samsung)

The smartphone division made slightly less sales than a year ago, although Samsung claims to have shipped more smartphones. Above all, this includes the strong mainstream lineup, although Samsung also highlights the top models and foldables. Their numbers should only be a fraction of what is sold, for example, by the A-series. Here, too, the challenge in the fourth quarter will be to manage the shortage of certain components, Samsung announced as an outlook for additional growth.

Samsung’s consumer division, on the other hand, is struggling with “significantly increased“Material and logistics costs and strong competition. Sales were pretty much on the spot, but profits were cut in half. Samsung expects sales to pick up in the fourth quarter, but the market environment remains difficult.

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