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Samsung expecting to make huge Profit in the third quarter of the year

As we start the fourth quarter of the year, Samsung is gearing up to announce its earnings guidance for the third quarter of the year. And from what we’ve seen so far, the company is expecting to make huge profits compared to same time last year.

From the official report, the revenues of Samsung is expected to be between 72 trillion – 74 trillion Korean won and this is about $60.21 billion – $61.87 billion.

While the report shows that the operating profit is expected to be between in the range of 5.7 trillion – 15.9 Korean won and that is about $13.12 billion – $13.29 billion.

Samsung’s earning guidance report Q3 2021

Q3 2021 GuidanceQ2 2021 GuidanceQ3 2020 Guidance
Sales$60.21 billion – $61.87 billion$53.22 billion$55.97 billion
Profit$13.12 billion – $13.29 billion$10.50 billion$10.32 billion
Samsung’s earning guidance report

Going by this earning guidance report, you can see that Samsung is expecting to make about $6 billion in revenue and $3 billion in profit. And this is a huge profit when compared with same period last year.

Earlier report showed that Xiaomi topped Samsung to become the world’s largest smartphone brand by shipment. While Samsung might be second in terms of shipment, the company surely is expecting to make some huge profit this year.

But we think the huge sales of the Galaxy M and A-series smartphones and sales of chipset and increased price of semiconductor all contributed to this huge profit.

With the popularity of the Samsung Galaxy Z Fold 3 and Galaxy Z Flip 3, the company might also see huge profit in the fourth quarter of the year.

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