Samsung is forecasting a 52.5 percent increase in its profit in the final season of 2021

Samsung announced its estimated revenue for the fourth quarter of 2021, which it expects to experience sales of about $ 63.2 billion and profits of about $ 11.4 billion. The tech giant’s final earnings report for the fourth quarter of last year will be announced later this month.

Possible record-breaking Samsung in the fourth quarter of 2021

Based on this report, Tech giants are expected to sell 23.5% and their profits are likely to increase by 52.5% over the previous year. In addition, according to the statistics provided, Samsung expects to experience the highest sales in its history in the fourth quarter of 2021. Analysts in the field have cited the company’s semiconductor chip and smartphone business as the reason for their growth.

Samsung’s sales have been impressive over the past year, with sales breaking all records, reaching about $ 232 billion. Their profit for the whole of last year will probably be about $ 42 billion, which is 43.3% more than in 2020 and their third most profitable year in all of history.

Sales of Samsung memory chips (DRAM and NAND) have increased dramatically over the past few years due to the telecommuting trend and increasing demand for cloud infrastructure. On the other hand, the problem of chip shortages in the last quarter has decreased to some extent, which has helped to sell more of the company’s phones.

By the end of this month, Samsung will unveil its final sales and profit statistics separately. The company also unveiled new products at CES 2022, including new micro LED and QLED TVs, an Odyssey Ark curved monitor and a Freestyle portable projector. The tech giant is also expected to unveil its new flagship series, the Galaxy S22, next month.