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Samsung expecting a record-breaking third quarter of the year

By Mariyan Slavov

Published: Oct 08, 2021, 4:54 AM

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Samsung Electronics officially announced its earnings guidance for the third quarter of the year today. Looking at the numbers, it’s clear that the company expects record-breaking earnings compared to the same period last year.

The official report points out revenues between 72 trillion - 74 trillion Korean won, and a quick conversion gives us $60.21 billion - $61.87 billion. The operating profit is looking good too - it’s expected to be in the range of 5.7 trillion – 15.9 Korean won or $13.12 billion - $13.29 billion.

	Q3 2021 Guidance	Q3 2020 Results	Q2 2021 Results
Sales	$60.21 billion - $61.87 billion	$55.97 billion	$53.22 billion
Profit	$13.12 billion - $13.29 billion	$10.32 billion	$10.50 billion

You can see the potential increase compared to the same period last year - nearly $6 billion in revenue and $3 billion in profit. The final financial earnings report is expected later this month but it’s safe to say that the key drivers behind the record-breaking quarter are the sales of A and M-series phones, as well as increased semiconductor prices and chipset sales.

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Mariyan, a tech enthusiast with a background in Nuclear Physics and Journalism, brings a unique perspective to PhoneArena. His childhood curiosity for gadgets evolved into a professional passion for technology, leading him to the role of Editor-in-Chief at PCWorld Bulgaria before joining PhoneArena. Mariyan's interests range from mainstream Android and iPhone debates to fringe technologies like graphene batteries and nanotechnology. Off-duty, he enjoys playing his electric guitar, practicing Japanese, and revisiting his love for video games and Haruki Murakami's works.

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