Samsung records all-time high $232.43 billion revenue in 2021

Zohaib Ahmed — Thu, 27 Jan 2022 10:18:56 +0000

Samsung today released the financial results for Q4 2021 and all of last year, reporting KRW 279.6 trillion (~$232.43 billion) in revenue, which is an all-time high, and an operating profit of KRW 51.63 billion (~$42.92 billion). This was mainly thanks to strong semiconductor sales and good smartphone shipments.

For the fourth quarter of 2021, the South Korean company reported that its revenue touched KRW 76.57 trillion (~$63.64 billion), while the operating profit stood at KRW 13.87 trillion (~$11.52 billion).

The December quarter revenue growth was mostly driven by improved sales of its premium smartphones, including foldables, as well as TVs and home goods. The operating profit declined slightly compared to Q3 2021 due to special bonus pay for employees but was still higher than that of Q4 2020.

Samsung’s memory business saw a decline in earnings due to a fall in prices, the company reported. But this was made up for by the foundry business that posted a new quarterly revenue record, although profitability took a hit due to costs associated with “ramping up advanced process nodes.”

Samsung Display’s revenue rose for small-sized OLEDs, but losses increased in the large-sized display segment due to declining LCD prices and increased manufacturing costs for QD-OLED panels. However, mobile displays are expected to deliver improved results year-on-year, driven by new smartphone releases and an expansion of the foldable market.

The company aims to be the first foundry to adopt the 1st generation gate-all-around (GAA) process. Mass production of such 3nm chips is scheduled for the first half of 2022.

Samsung financial results 2021 Archives - Gizmochina

Samsung records all-time high $232.43 billion revenue in 2021