Samsung Electronics broke each its quarterly and annual information for income within the fourth quarter of 2021, making 13.87 trillion gained (~$11.5 billion) in working revenue off 76.57 trillion gained (~$63.6 billion) in income within the three-month interval. The full-year numbers had been 51.63 trillion gained ($42.9 billion) in working revenue and 279.6 trillion gained (~$232.4 billion) in income.

Samsung attributes the 24-percent year-on-year income progress to elevated gross sales of client merchandise like premium smartphones, TVs, and home equipment. The extra worthwhile semiconductor enterprise drove working revenue progress of 52 p.c 12 months on 12 months, regardless of provide chain points limiting manufacturing of RAM and flash storage.

Looking to 2022, Samsung expects additional progress in its cellular enterprise with new flagship telephones, tablets, and wearables, in addition to extra mainstream 5G units. The show enterprise additionally expects to see progress, partly pushed by promoting foldable panels to extra producers. Samsung says its current enlargement into quantum-dot OLED TV panels will considerably mitigate its current losses in massive panels. Sony introduced the world’s first QD-OLED TV, which makes use of a Samsung panel, final month.

This week Samsung confirmed a February ninth Unpacked occasion, the place it’s set to announce the much-leaked Galaxy S22 smartphone sequence. TM Roh, head of the corporate’s cellular enterprise, has hinted that the brand new telephones will tackle performance from the Galaxy Note line, which can have seen its final mannequin. Samsung says that the COVID pandemic and world provide scarcity are prone to pose challenges all through 2022, however expects to broaden gross sales of flagship units just like the upcoming Galaxy S and not too long ago launched Galaxy S21 FE.