Samsung posts report income however reveals revenue decline for This autumn 2021 | Engadget

Samsung’s consolidated income for the fourth quarter of 2021 reached 76.57 trillion Korean received (US$63.7 billion), the tech large has revealed in its latest earnings report. That’s a quarterly report excessive for the corporate, which says that its income development for the interval was pushed primarily by the expanded gross sales of its smartphones, TVs and residential home equipment. 

Its working revenue of KRW 13.87 trillion (US$11.5 billion) within the quarter ending December thirty first, 2021 was decrease than the earlier quarter’s, nevertheless, as a result of bonuses that it doled out to staff for the season. The firm has additionally reported a brand new historic income excessive of KRW 279.6 trillion (U$232.5 billion) for all of 2021, together with KRW 51.63 trillion (US$42.9 billion) in working income. 

Samsung’s reminiscence enterprise, which is often its largest moneymaker, has skilled a decline in income from the earlier quarter as a result of world provide chain disaster and a slight drop in costs. Further, whereas demand for reminiscence merchandise remained sturdy, the corporate says it did not push for gross sales as aggressively because it often does after contemplating its stock ranges and the market outlook. The reminiscence division posted a consolidated income of KRW 26.01 trillion (US$21.6 billion) and an working revenue of KRW 8.84 trillion (US$7.35 billion) for the fourth quarter of 2021. In the third quarter, it posted KRW 26.41 trillion (US$21.96 billion) in consolidated income and KRW 10.06 trillion (US$8.36 billion) in working revenue. 

Samsung’s mixed cellular and shopper electronics enterprise, now known as Mobile eXperience or MX, has posted KRW 28.95 trillion (US$24 billion) in consolidated income and KRW 2.66 trillion (US$2.2 billion) in working revenue. The slight improve in income was primarily as a result of sturdy gross sales of its premium smartphones, particularly its foldables and its Galaxy S collection gadgets, in addition to its PCs, tablets and wearables through the vacation season. Like within the earlier quarter, although, the division’s profitability was impacted by Samsung’s advertising and marketing efforts for its foldables and for the launch of its upcoming fashions this yr. 

Meanwhile, the corporate’s cellular panel enterprise noticed a rise in earnings attributable to stable demand for brand new smartphones. Losses turned bigger for Samsung’s massive panel enterprise, although, attributable to a decline in pricing for LCDs and the preliminary prices associated to its Quantum Dot shows. Samsung additionally noticed sturdy gross sales for its premium and way of life TVs, however its visible show enterprise recorded a decrease working revenue quarter-on-quarter due to rising materials and logistics prices.

For 2022, Samsung expects development in its reminiscence enterprise from greater server demand and in its show panel enterprise from new smartphone releases. However, the corporate made it clear in its report that it additionally expects COVID-related provide points and different issues to persist and have an effect on its operations. Despite these constraints, it believes its MX enterprise will nonetheless ship income and revenue development led by its new flagships and by greater gross sales of its mass market 5G smartphones. Samsung has an Unpacked occasion scheduled on February ninth, the place it’ll unveil the following S-series flagship to succeed the Galaxy S21 lineup.