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Samsung Electronics has announced its earnings guidance for the fourth quarter of 2021. The tech giant has reported approximately 75-77 trillion Korean won ($62.4-$64 billion) in sales, resulting in approximately 13.7-13.9 trillion Korean won ($11.4-$11.6 billion) in profit.
Reports show that the sales have increased by 52% compared with last year, which is the best result since Q4 2017. Some analysts even estimated higher results of around 15.2 trillion won in profit.
The growing demand for Samsung’s new-generation foldable smartphones, home appliances, chips, and OLED panels in the last three months helped the firm usher a strong end to 2021.
>>> Samsung reports record Breaking profits in Q3 2021
| Samsung | Q4 2021 Guidance in KRW | Q4 2020 Results in KRW | Q3 2021 Results in KRW |
| Sales | KRW 75 trillion - 77 trillion ($62.3 billion - $63.97 billion) | KRW 61.55 trillion ($51.13 billion) | KRW 73.98 trillion ($61.46 billion) |
| Operating Profit | KRW 13.7 trillion – KRW 13.9 trillion ($11.38 billion - $11.55 billion) | KRW 9.05 trillion ($7.52 billion) | KRW 15.82 trillion ($13.14 billion) |
Samsung will release its full earnings report by the end of this month, which will show the performance of each business division.
>>> Samsung Leads The Global Smartphones Shipments In Q3 2021
