Samsung Electronics (LSE:SMSN) recently published its preliminary Q3 2021 results, noting that its operating profits likely rose 25% year-over-year to 15.8 trillion won (about $13.2 billion).
Samsung is seeing strong demand and pricing trends for its semiconductor business. Moreover, the company’s new flagship foldable smartphones are also apparently faring better than expected.
However, Samsung stock has underperformed, declining by about 22% year-to-date. This is likely because investors expect the memory markets to see a cyclical downturn.
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