In 2020, Samsung weathered the pandemic by posting a report excessive for income within the third quarter of 66.96 trillion received. The corporate simply revealed that it set one other report for a similar interval in 2021, reaching 73.98 trillion received, or about $63 billion. Whereas its income was up about 10 p.c, Samsung says its earnings grew by 26 p.c from final yr to hit 15.82 trillion received ($13 billion).

Regardless of a scarcity of key chips worldwide, the reminiscence chips and processors Samsung makes that go into every part from servers to cellphones are in as a lot demand as ever. Shifts to hybrid work imply have firms shopping for extra SSDs, CPUs, and RAM for servers

Because the world’s largest chipmaker, excessive costs for reminiscence chips imply excessive earnings for Samsung, even when rising prices for uncooked supplies and logistics minimize into the earnings of its client electronics division. Gross sales for its reminiscence division particularly had been up 46 in comparison with the identical interval final yr, whereas earnings for the semiconductor division as an entire almost doubled, going from 5.54 trillion received to 10.06 trillion received (~$8.5 billion) (pdf).

Samsung can also be the world’s largest cellphone maker and says that it noticed robust demand for foldable like its Galaxy Z Flip 3 and Galaxy Z Fold 3 and the low- to mid-range Galaxy smartphones it produces.

Regardless of stories of potential manufacturing points and slashed manufacturing targets for Apple’s iPhone 13 lineup, Samsung says its cellular show earnings rose “pushed by demand for newly launched merchandise from main smartphone prospects.” Essentially the most main buyer that Samsung offers its cellular OLED shows to is Apple, and that firm will report its quarterly earnings tomorrow.

Wanting into the longer term, Samsung expects stable earnings for its cellular shows in This autumn, and never simply due to telephones. There’s demand for OLED in bigger gadgets like laptops, tablets, and particularly sport consoles like Nintendo’s new Change OLED, which makes use of a Samsung-made panel.

So far as its TV enterprise, the corporate is targeted on the high-end, saying that it’s on observe to start out producing new quantum dot-based units that may proceed Samsung’s combat in opposition to OLED TVs from LG.

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