Report: Samsung gained its revenue in Q3 in semiconductor chip and mobile sales

According to the Yonhap report, Samsung Electronics will return to higher earnings in the third quarter, despite lower memory prices. Meanwhile, sales of mobile and home appliances have risen on epidemic demand.

According to Yonhap Infomax, Samsung had sales of $63.95 trillion (US $54.5 billion) during the July-September period. An increase of 3.1 percent compared to the previous year. And the operating profit increased 33.7 percent this year to $10.4 trillion.

Samsung’s sales were up 20.7% and operating profit was up 27.6% compared to the previous quarter. Analysts are raising that Samsung’s revenue viewpoint in the coming weeks after predicting that the chip business will not see a big drop in sales despite lower memory prices.

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Market researcher Trendforce predicts that server DRAM products will be 10-15 percent cheaper in the third quarter. And the prices for mobile DRAM chips and consumer DRAM chips are 8% or higher. Analysts expect that Samsung’s chip business will generate $5 trillion in operating profit in the third quarter of this year.

Kim Kyung-min, a Hana Financial Investment analyst said, “Bit growth in DRAM and NAND flash is expected to increase by 3% and 12% respectively in the quarter, which is better than previous guidelines”.

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Samsung foundry business to grow in the third quarter. Information says that the company has received orders from Qualcomm and Nvidia to manufacture their latest chips.

Samsung’s mobile business operating profit was $4 trillion in the third quarter and operating profit in the second quarter was $1.95 trillion.

Samsung smartphone sales in the third quarter were 80 million units, about a 50% increase compared to the previous quarter. And Sales of the tablets reached 10 million units, approximately 45% increase in the second quarter.

Song Myung-sub, an analyst at Hi Investment & Securities said, “It appears that Samsung has performed well amid Huawei’s struggle and Apple’s new iPhone launch delay, while its tablet sales benefited from a stay-at-home trend”. “With decreased marketing costs amid the pandemic, the mobile business unit’s operating margin is expected to be around 10.5 percent in the third quarter.”

Samsung’s display business is expected to post average revenue in the third quarter due to the delay in launching Apple’s new iPhone 12 series.