This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Samsung Expects 28% Rise in Operating Profit
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Business > Samsung Expects 28% Rise in Operating Profit
Business

Samsung Expects 28% Rise in Operating Profit

Editorial Board Published October 8, 2021
Share
Samsung Expects 28% Rise in Operating Profit
SHARE

SEOUL— Samsung Electronics Co. is forecasting a 28% jump in third-quarter operating profit, the latest reminder of how the world-wide semiconductor shortage has turned out to be a financial boon for chip makers.

The world’s largest smartphone and memory-chip maker is projecting operating profit of 15.8 trillion South Korean won, equivalent to about $13.3 billion, for the quarter ended Sept. 30. That compares with about 12.35 trillion won for the year-earlier quarter.

The Suwon, South Korea-based firm estimates revenue of 73 trillion won, a 9% gain from a year ago.

Analysts estimates gathered by S&P Global Market Intelligence were about 15.7 trillion won in operating profit and 73.4 trillion won in revenue.

Samsung is due to report full earnings later this month. The South Korean company is considered a bellwether for the tech world because it makes major electronics products, while also serving as a components supplier to competitors including Apple Inc.

Samsung and other chip giants have seen their pricing power increase, as a pandemic-fueled surge in demand for semiconductors has created widespread shortages. Global businesses had hoped the supply crunch might dissipate by the end of this year. But the shortages look likely to extend into 2022, if not longer.

The chip industry is on a major investment spree. Intel Corp. recently said it would build new chip-making facilities in Europe valued at up to $95 billion, while Taiwan Semiconductor Manufacturing Co. has said it would spend a record $100 billion over the next three years to increase production capacity.

Samsung said it plans to boost investments by one third to more than $205 billion over the next three years, in part to pursue leadership in chip manufacturing.

The run-up in chip prices may see some stagnation in the coming months, though demand is expected to remain robust, industry analysts say.

For the final three months of the year, contract prices for NAND Flash memory, or the storage on phones, computers and servers, could be flat or see a mild decline versus the July-to-September quarter, according to Taiwan-based research firm TrendForce. Similar prices for DRAM, which enables device multitasking, are expected to decline 3% to 8%, with supply beginning to exceed demand, TrendForce said.

While tight supply helps Samsung’s chip division, the South Korean firm’s phone business is hurt due to the unavailability of parts.

Nearly the entire smartphone industry has been affected, with some vendors receiving only 70% of the chips they had ordered, according to Counterpoint Research, a market-research firm. Due to supply issues, Counterpoint lowered its global forecast for smartphone shipments in 2021 to 6% year-over-year growth. That is down from earlier expectations of a 9% rise.

Shares of Samsung Electronics have increased roughly 20% in the past year, though that has lagged behind the 24% rise in the benchmark Kospi index.

Write to Timothy W. Martin at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the October 8, 2021, print edition as ‘Samsung Forecasts 28% Rise In Profit.’

TAGGED:Business NewsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Senate narrowly passes short-term debt ceiling hike, delaying default showdown and dividing GOP Senate narrowly passes short-term debt ceiling hike, delaying default showdown and dividing GOP
Next Article Chinese Property Bonds Tumble Again Chinese Property Bonds Tumble Again

Editor's Pick

California dwelling of lacking child’s mother and father searched; father has served time for youngster cruelty

California dwelling of lacking child’s mother and father searched; father has served time for youngster cruelty

San Bernardino County sheriff’s investigators on Sunday, Aug. 17, searched the house of the mother and father of the infant…

By Editorial Board 9 Min Read
Farmer Needs a Spouse: John Sansone and Claire Dinette Break up!
Farmer Needs a Spouse: John Sansone and Claire Dinette Break up!

Studying Time: 2 minutes It's sadly over for one more actuality tv…

4 Min Read
Steak ‘n Shake slams Cracker Barrel CEO for eliminating ‘old-timer’ from emblem: ‘We take delight in our historical past’
Steak ‘n Shake slams Cracker Barrel CEO for eliminating ‘old-timer’ from emblem: ‘We take delight in our historical past’

FOX Enterprise’ Jeff Flock experiences on Cracker Barrel unveiling a brand new…

4 Min Read

Oponion

Netmore Group Continues World Growth with the Acquisition of LoRaWAN® Community Operator Everynet

Netmore Group Continues World Growth with the Acquisition of LoRaWAN® Community Operator Everynet

Acquisition Doubles Netmore’s Provisioned Units and Expands Footprint in Latin…

October 30, 2024

Bridgeport Police Asking for Public Assist in Figuring out Girl being Sought in Mall Shoplifting Investigation

The Bridgeport Police Division is asking…

May 5, 2025

Prep roundup: Skyline volleyball on cusp of one other title, Castro Valley, Sequoia triumph in water polo

Volleyball Skyline 3, McClymonds 1 Skyline…

October 23, 2024

Ashley Adionser & Tyler Francis Break Up; ‘Love Is Blind’ Couple Calls It Quits After 1 Yr of Marriage

Studying Time: 3 minutes One more…

January 23, 2025

Overview: Hankering for baseball season? Nostalgic ‘Eephus’ fills the void

Carson Lund’s nostalgic residence run of…

March 22, 2025

You Might Also Like

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution
Business

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution

At a time when billions of linked objects are reshaping industries, Thales has achieved a vital safety certification for its…

4 Min Read
Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality
Business

Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality

Soracom, Inc., right now introduced that it has efficiently achieved System and Group Controls (SOC) 2 Kind 2 compliance, reinforcing…

2 Min Read
Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama
Business

Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama

In brief Shipments of mobile IoT modules and chipsets grew 23% year-over-year in Q1 2025, based on IoT Analytics’ International…

20 Min Read
Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes
Business

Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes

Utilizing a visitor posting market helps you overlook all that like a nasty nightmare. However how do you discover probably…

14 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?