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Samsung Electronics Expects 18.9% Y/Y Revenue Increase in Q221 Due to Strong Pricing for Chips
Samsung released preliminary sales and operating profit estimates, reporting sales of 63t won ($55.4b US) and operating profit of 12.5t won ($10.99b US) which puts sales down ~3.7% sequentially but up 18.9% Y/Y and operating profit up 33% sequentially and up 53.4% Y/Y.
Samsung does not give detail in its preliminary numbers, but the results included a one-time gain for SDC from a ‘take-or-pay’ deal with Apple of ~500b won ($439.7m US) and that much of the strength in the quarter came from semiconductors, where DRAM prices rose 26.7% in 2Q, after a 5.3% increase in 1Q, leading to an expected 22% increase in operating profit for the segment. Smartphone shipments are expected to be down sequentially as Galaxy S21 sales slowed, and while Y/Y comparisons will show a reduction in SDC’s large panel production,
Samsung released preliminary sales and operating profit estimates, reporting sales of 63t won ($55.4b US) and operating profit of 12.5t won ($10.99b US) which puts sales down ~3.7% sequentially but up 18.9% Y/Y and operating profit up 33% sequentially and up 53.4% Y/Y.
Samsung does not give detail in its preliminary numbers, but the results included a one-time gain for SDC from a ‘take-or-pay’ deal with Apple of ~500b won ($439.7m US) and that much of the strength in the quarter came from semiconductors, where DRAM prices rose 26.7% in 2Q, after a 5.3% increase in 1Q, leading to an expected 22% increase in operating profit for the segment. Smartphone shipments are expected to be down sequentially as Galaxy S21 sales slowed, and while Y/Y comparisons will show a reduction in SDC’s large panel production,
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