Samsung may log $54.5 bn in sales, to sell 80mn Galaxy phones in Q3

Samsung is expected to report strong third-quarter earnings, analysts said on Monday, as its mainstay semiconductor business remained solid despite a decline in memory prices, while its mobile and home appliance sales soared on pent-up demand amid the pandemic.

Samsung was projected to log $54.5 billion in sales in the July-September period, up 3.1 percent from a year earlier, while operating profit was estimated to surge 33.7 per cent (year-on-year) to $8.8 billion over the period, according to Yonhap Infomax, the financial news arm of Yonhap News Agency.

Compared with the previous quarter, the estimated figure suggests Samsung is seeing a 20.7 per cent increase in sales and a 27.6 per cent jump in operating profit.