Samsung posted improved financial results for July-September 2024. Sales rose by 17% and total profit by 277% compared to Q3 2023, mainly driven by its DS division (memory, system LSI, and foundry), which saw a significant 78% sales increase and 200% profit growth, reaching KRW 3.86 trillion. The MX business (Galaxy phones, tablets, and accessories) reported a 2% rise in sales but faced a 14.5% profit decline due to global inflation impacts.
Despite underwhelming smartphone demand, sales numbers remained high thanks to improved flagship models. Samsung expects Q4 growth due to holiday shopping in Western Europe and the US. However, the memory business was bolstered by AI and server demand, though inventory adjustments impacted mobile demand, leading to increased channel inventories.
Future market trends may remain stable, yet geopolitical factors and potential local investments in China and the US could influence Samsung’s performance.