Samsung achieves the highest profitability in three years, with revenues of...

After announcing its highest quarterly profit in three years, Samsung Electronics expects component shortages to affect chip demand from some of its customers this quarter.
The world’s largest memory chip maker posted a 28 percent jump in operating profit for the third quarter to 15.8 trillion won ($13.48 billion), on the back of an 82 percent increase in annual profit in the chip business to 10.1 trillion won ($8.62 billion). While sales of Samsung’s new foldable smartphones fell due to marketing and component costs.
The company’s net profit rose 31% to 12.3 trillion won ($10.52 billion), and total revenue rose 10% to a record 74 trillion won, or about $63.3 billion.

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