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On October 29, Samsung Electronics announced the third quarter of this year from July to September. In the third quarter, profits fell sharply due to falling semiconductor prices and sluggish demand, but recovered smoothly and operating profit recorded 12,35 trillion won, up 59% year-on-year. On a quarterly basis, sales reached a record high of 66,960 billion won.
Smartphone demand was also expected to stagnate due to Corona 19, but operating profit in the mobile division rose 52% compared to the same period last year. Flagships such as the Galaxy Note 20 and Galaxy Z Fold 2 showed strong performance, as well as the recovery of demand for models exclusively for discount stores, cost reduction through parts standardization, and efficient management of sales promotion costs. The semiconductor business is also growing. Operating profit in this area also increased 82% year-on-year.
Meanwhile, the 4Q forecast predicted that demand for servers will decrease due to customer inventory adjustments. For the mobile business, earnings and profits are expected to decline in 4Q10 due to a decline in flagship effects, intensifying competition, and increase in marketing expenses during peak season. Nevertheless, the display division is expected to be bright as demand for smartphones is expected to increase as new models such as Apple are introduced. Related information can be found here .
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