Samsung had a robust finish to 2024 as its revenues reached KRW 75.8 trillion ($52.1 billion) through the October – December quarter. The determine is 12% larger than the This autumn 2023 revenues. This autumn working earnings totaled KRW 6.5 trillion ($4.47 billion), representing a 130% year-on-year leap.
As well as, annual income for 2024 reached $207 billion – up from 178.3 billion for the earlier monetary yr. This was Samsung’s second-highest annual income determine, solely surpassed by 2022’s $244 billion.
Earnings for the 2024 monetary yr climbed to $22.5 billion – a five-fold enhance in comparison with the $4.5 billion for 2023. Regardless of the seemingly constructive numbers, Samsung truly fell wanting market expectations largely as a result of weak demand for its AI and private computing chips.
Samsung’s high-bandwidth (HBM) chips and the HBM3E chips, particularly, did not obtain certification from Nvidia for use within the latter’s AI accelerators. DRAM and NAND storage chips are additionally struggling as a result of competitors from different manufacturers. Samsung’s semiconductor enterprise generated $20.68 billion in revenues and $1.99 billion in revenue for This autumn.
The Cell eXperience (MX) division which incorporates smartphones generated $17.8 billion in income and $1.45 billion in revenue throughout This autumn, that are each down from This autumn 2023. Samsung expects sturdy gross sales for its newly launched Galaxy S25 collection and its upcoming foldable telephones.
Wanting forward, Samsung expects elevated demand for its picture sensors and show panels fueled by the flagship telephone launches in Q1. The corporate’s outlook on the semiconductor enterprise will not be significantly favorable within the brief time period, however it plans to proceed investing in R&D to remain aggressive.
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