For the second quarter of 2022, Samsung has reported a consolidated income of KRW 77.2 trillion (US$59.4 billion), which is a file excessive for the quarter ending on June thirtieth. Samsung’s working revenue additionally reached KRW 14.1 trillion (US$10.8 billion) — that is 12 p.c increased from the identical interval a yr earlier and is its greatest but since 2018. As has been the case these previous years, the corporate’s semiconductor or Device Solutions (DS) division tremendously contributed to these numbers and has achieved a historic excessive in quarterly income for the second consecutive quarter.
The DS division posted KRW 28.5 trillion (US$21.9 billion) in consolidated income and KRW 9.98 trillion (US$7.7 billion) in working revenue within the second quarter, thanks largely to server chip demand. However, chip demand for shopper merchandise, similar to cellphones and PCs, was a lot weaker than anticipated “due to widening impacts of macro issues.” In truth, Samsung stated its DRAM and NAND shipments got here in beneath steering. The firm additionally expects demand for shopper units to remain weak and even believes that there is a risk for this droop in demand to make its method to enterprise.
As you’ll be able to guess based mostly on that info, Samsung’s Mobile eXperience (MX) enterprise was additionally affected by the general decline in market demand. The firm blamed “geopolitical issues and concerns over inflation on top of continued weak seasonality” for the cell division’s decline in earnings. It additionally stated the prices of parts and logistics affected the enterprise’ profitability and brought on it to slip decrease than the earlier quarter’s.
The tech large does not count on smartphone gross sales to explode subsequent quarter both: Demand for brand new telephones will possible keep comparable year-on-year or present solely a single-digital progress, it predicts, due to extended geopolitical points and financial uncertainties. That stated, it is hoping that the launch of latest foldables may pad its gross sales numbers within the coming months. Samsung will unveil its next-gen foldable telephones at its upcoming Unpacked occasion on August tenth.
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