Samsung sets revenue records with stronger product sales

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Author: Sam Byford

Photo by Vjeran Pavic / The Verge

Samsung Electronics broke both its quarterly and annual records for revenue in the fourth quarter of 2021, making 13.87 trillion won (~$11.5 billion) in operating profit off 76.57 trillion won (~$63.6 billion) in revenue in the three-month period. The full-year numbers were 51.63 trillion won ($42.9 billion) in operating profit and 279.6 trillion won (~$232.4 billion) in revenue.

Samsung attributes the 24-percent year-on-year revenue growth to increased sales of consumer products like premium smartphones, TVs, and appliances. The more profitable semiconductor business drove operating profit growth of 52 percent year on year, despite supply chain issues limiting production of RAM and flash storage.


Looking to 2022, Samsung expects...

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[WilfredGilkeyx]

Beautiful phone model. I would like to buy one.

 

[peperoof]

I've always been interested in working with products such as smartphones, tablets, and laptops. I decided to open an electronics store specializing exclusively in such goods in my hometown. Before I opened my store, only operators opened stores with this kind of goods. So I decided to develop this business. When I'd found a place where I could build a new store, I faced the difficulties of purchasing and much more. Of course, without an experienced expert in the sales process sequence, I'd have done many stupid things. For example, I might have bought too much, not taken advantage of wholesale, and not negotiated with manufacturers. But I'm glad that I reached the right place. By the way, Samsung products are my favorites.