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Samsung waiting for a new record; Highest seasonal profit in the last 3 years

The White House decision to solve the global chip shortage problem is becoming a problem for Samsung

According to reports Reuters, 16 analysts claim that the profit of the world’s largest chip and mobile phone maker in the quarter ending September reached almost $ 14 billion.

Samsung has made about $ 10 billion in profits over the same period last year. So if the statistics are true, the Korean tech giant, in addition to the highest profit since the third quarter of 2018, has also faced a 30% increase over the previous year. The company’s revenue is also said to have risen 11 percent to about $ 62 billion.

Samsung is one of the largest tech companies in the world, and the South Korean tech giant now looks set to announce its best quarterly profit in three years and set a new revenue record.

According to estimates and forecasts made by analysts, Samsung most probably The rise in the price of memory chips and the increase in sales of their new clamshell phones, the Galaxy Z Fold 3 and Galaxy Z Flip 3, will see high revenue. In fact, it has been confirmed that the company has sold more than one million units of these two phones in South Korea alone.

In the wake of the Corona virus epidemic, the global chip shortage problem pushed up prices, and as a result, Samsung’s prices rose about 45 percent last year, reaching a record high in early 2021.

With the gradual control of the situation, it is expected that the price of chips in the world market will decrease after the peak in July to September, and this issue will gradually play a role in the fall of Samsung shares.

Samsung is currently preparing the Galaxy S21 FE, which recently received FFC approval. There are also many reports about the next generation of the company’s flagship, the Galaxy S22, whose battery capacity was recently revealed.

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