Samsung, record financial results thanks to smartphones, televisions and household appliances

Samsung has announcement a quarterly statement. The South Korean company recorded a Sales of 279.6 trillion won ($232.4 billion) and operating profit of 51.63 trillion won ($42.9 billion) for fiscal 2021, up 18% and 43.5% year-on-year, respectively. Revenue was driven by strong performance in the smartphone industry and chip manufacturing.

Focus on the fourth trimesterSamsung reported sales of 76.6 trillion won ($63.6 billion) and operating profit of 13.9 trillion won ($11.5 billion), up 24% and 53.3% respectively from the same period last year. “Revenue growth in the fourth quarter was mainly driven by the finished products businesswith an increase in sales of high-end smartphones, including foldable phones, televisions and home appliances,” the company points out. Operating profit would also be up, but down due to a special bonus paid to employees.

S21Ultra 14

The semiconductor company contributed more than half of operating profit to 8.84 trillion won thanks to the large request for memory, DRAM and NAND, intended for servers. “Overall demand in the server-centric memory business was strong, but earnings declined quarter-over-quarter due to ongoing global supply chain issues and a slight price decline. average sales,” Samsung said. “Given inventory levels and the market outlook, we have refrained from aggressively pushing sales expansion and as a result have fallen short of our initial growth forecast.”

The other sector in great dust is that of the mobile, with an operating profit of 2.66 trillion won. The panel business contributed 1.32 trillion won due to strong demand for mobile screens from major customers. The consumer electronics sector reported an operating profit of 700 billion won as demand for televisions and home appliances lagged, but the South Korean giant improved its product line and its operational efficiency to preserve its profits.

Foundry business achieved record quarterly revenue, although earnings were down slightly from the prior quarter due to higher costs associated with using more advanced manufacturing processes. Total capital expenditure in 2021 reached 48.2 trillion won, including 43.6 trillion won related to its own Fabs.

For the 2022Samsung said it expects a recovery in demand for IT products and challenges persist resulting from supply chain issues and the COVID-19 pandemic. Accordingly, it will focus on offering premium products, both in components and products, to maximize returns.

This week, Samsung confirmed the Unpacked event on February 9, where it will announce the smartphone series Galaxy S22. TM Roh, head of the company’s mobile business, hinted that the new products will have some features from the Galaxy Note lineup, which may therefore be pulling out.