Samsung Q3 earnings report confirms record-breaking profits

As expected Samsung’s Q3 earnings report brought record-breaking profits with KRW 73.9 trillion ($63 billion) in revenue and KRW 15.8 trillion ($13.4 billion) in operating profits – the highest in the past three years and second highest in Samsung history. Revenues rose 10% on a yearly basis while profits increased by 26% compared to Q3 2020. As expected, Samsung’s semiconductor business propelled profits with extended demand for data centers and cloud servers. Total sales in the semiconductor department totaled KRW 26.4 trillion ($22.5 billion) which is a 16% improvement compared to last...

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