what happened? The lack of a global chip is a pain for consumers, but it strengthens the main lines of many companies, including Samsung. The tech giant estimates that second-quarter operating profit hit a three-year high, up 53% from a year earlier.
Although widespread demand and rising chip prices have contributed significantly to Samsung's healthy budget, the revenue is said to be a one-time return on its display business. According to Kim Won-ho, an analyst at IBK Securities (via Bloomberg), the payment will likely be made through Apple. "Total iPhone sales were not in line with the OLED panel contract, and a portion of small iPhone sales were lower than expected," he said. “The repayment amount is usually around 1 trillion won.”
This is not the first time this has happened. Insufficient iPhone sales last year meant that Apple ordered fewer OLED panels than in its contract with Samsung. Similarly, Cupertino had to pay competitors about $950 million.
Samsung will not release specific results from its various divisions until the full results are released on July 29th. The company first warned that smartphone revenue is expected to decline due to lower sales due to chip shortages, supply chain disruptions in Vietnam, sagging demand in India and the early launch of the Galaxy S21 series.
Extensive demand from data centers and price hikes in favor of Samsung DRAM and NAND chips. DRAM prices are up 27% in the second quarter, while NAND prices are up 8.6%. Despite the strong reports, shares of Samsung, which have risen nearly 50 percent since last year, are down 1.1 percent this morning, possibly due to disappointing phone sales and concerns about a slack in the memory market. p>
Samsung estimates that profits will be a three-year high in the past three months, possibly with the help of Apple