The technology company Samsung has informed its investors that its financial results for the third quarter of the year reached new record highs of 9 billion euros.

According to information given by the South Korean Samsung Electronics group, the company made a profit of €9 billion, corresponding to 31.3% more than the same period in 2020.

The company also achieved record sales revenues in the July/September period, up 10.481TP2Q on the previous year.

Recall that in Q3 2020, Samsung also saw its earnings hit record highs, a positive trend for the company.

This performance was reportedly driven by chip sales with increasing prices and higher profitability. The sale of folding cell phones recorded 25.36% more revenue than the previous quarter.