Samsung’s revenue hits a record high in the first quarter of 2022

The company’s revenue jumped 19 percent from a year earlier, to 77.78 trillion won ($61.1 billion) in the January-March quarter, according to information from Samsung. record trend for the third consecutive quarter.

Operating profit rose 50.5% to 14.12 trillion won ($11.1 billion) and net income rose 58.6% to 11.32 trillion won ($8.9 billion).

Samsung’s Q1 results beat market analysts’ expectations of about 75 trillion won ($58.9 billion) in revenue and 13 trillion won ($10.2 billion) in revenue. operating profit.

The semiconductor business unit posted an operating profit of 8.45 trillion won ($6.6 billion) on sales of 26.87 trillion won ($21.1 billion).

Samsung said its revenue beat market observers’ expectations as memory chip prices fell less than market expectations and due to strong demand for servers and personal computers.

Additionally, the display panel business posted an operating profit of 1.09 trillion won ($855.8 million) on sales of 7.97 trillion won ($6.3 billion). The growing use of OLED panels in laptops and gaming devices has also contributed to the company’s revenue growth.

The network and mobile phone division recorded an operating profit of 3.82 trillion won ($3 billion) on revenue of 32.37 trillion won ($25.4 billion).

Strong sales of the Galaxy S22 series since its launch in the first quarter helped drive Samsung’s revenue growth, while profit growth was driven by demand for 5G smartphones across the world. phone market, including the new A series, as well as wearables and tablets like the Galaxy Tab S8.

However, demand for TVs fell in the first quarter from the previous quarter after peaking at year-end in the fourth quarter of 2021. Samsung predicts that TV demand will decrease in the second quarter due to increased outdoor activities and continued instability in the component supply market.

According to Ngoc Linh