Samsung expects a record third quarter

Samsung expects a record third quarter

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Samsung expects a record third quarter

Samsung he anticipated to expect better than expected results for the recently concluded third quarter, a period in which he expected to record a quarterly profit of just over € 11.2 billion, generated by a quarterly turnover of just under 53 billion euros.

The latter figure would represent the Samsung’s best quarterly result in terms of sales, higher than that obtained in the corresponding period of last year.

It is evident, from these figures, how the demand for components and products from the consumer market continues to remain highAfter all, Samsung is at the top among the world producers specialized in smartphones and televisions, holding very important global shares in other sectors such as household appliances.

In addition to this Samsung also operates in the production of semiconductors for others, customers who rely on the Korean company for the construction of chips and memory modules. This is a historically very important activity for Samsung and which in recent months, thanks to the global shortage of components, has certainly represented an important source of turnover.

Last June Samsung had anticipated of expect mobile device sales to return to pre-COVID-19 levels starting in the second half of 2021, with the strong driving force given by the availability of 5G networks and devices. Preliminary data for the third quarter of 2021 points in this direction and it remains to be understood what the impact of the Christmas sales season will be on the entire sector.