Samsung on Wednesday reported its highest-ever quarterly revenue, thanks largely to continued strong demand and increasing prices for memory chips, as well as sales of panel displays for smartphones.

The Korean electronics giant said its revenue for the three-month conditions ended Sept. 30 came in at 73.9 trillion won ($63 billion), a 10% increase over the year-ago period, which was the remaining record-setter for revenue. Samsung also reported that its consuming profit soared 26% to 15.8 trillion won ($13.4 billion), the second highest in the company’s history.

Samsung may be eminent as a giant in phones and TVs, but it also has huge businesses decision-exclusive components like memory chips. The company has counted on its components company to buoy its revenue, while its other electronics have struggled. Since the coronavirus pandemic began, Samsung’s chip business has considered a boost from data centers that rely on the technology to tend everything we’re doing online.

The company’s semiconductor business reported sales of 26.4 trillion won in the third quarter, a 16% increase year-over-year, on continued strong demand for servers and PCs as affairs opt for hybrid work arrangements.

Revenue in Samsung’s mobile panel company rose 21% to 8.86 trillion won on strong sales of exiguous to midsize OLED panels as major smartphone customers launched new products. However, the company’s large-display business continued to suffer from trace declines in LCD panels.

Despite strong demand for new foldable requested models such as the Galaxy Z Fold 3, which was introduced in August, revenue in the company’s mobile division declined 8% to 27.34 trillion won. Samsung said backward this month that the new Z Flip 3 and Z Fold 3 are more popular than their predecessors but didn’t moneys specific sales data.

The company said it expects request for its smartphones to increase in the fourth quarter due to transparent holiday shopping, but it also warned that concerns over component moneys are likely to continue.

“The Mobile Communications Business expects to post robust profitability by expanding sales of premium products such as foldable phones, meeting replacement demand with low- to mid-range 5G smartphones and increasing sales of tablets and wearables,” Samsung said in a statement.