Samsung makes more money than ever: 5G and foldable phones are mine

Samsung’s bank accounts are already bursting at the seams, a since the chipset crisis and the rise in popularity of foldable mobile phones led the South Korean giant to its best financial results in 4 years.

A few days ago, Samsung had anticipated some of its most positive business numbers in recent months, boasting that it had manufactured more than 300 million phones in 2021 despite a supply and component crisis, suggesting that the financial results for its 4th quarter of 2021 would be historic. It’s not surprising that champagne is being poured around Suwon’s offices these days, because as colleagues at

SamMobile told us ), Samsung boys and girls can celebrate their best quarter in 4 years, at least in terms of profits, driven by high demand for chips and semiconductors, in addition to sales of increasingly expensive and high-performance smartphones.

The third generation of foldable smartphones from Samsung is undeniably proving to be a success

The numbers are brutal, as you will be able to see, as we are talking about a fourth quarter of 2021 in which Samsung Electronics’ revenues reached 76.57 trillion euros, at the current exchange rate something like $63.64 billion dollars or 56.695 billion euros, leaving the South Korean giant’s operating profit at around 10.8 trillion euros earned, which is roughly around 7.996 billion euros. These numbers show an impressive increase in Samsung’s revenues by 24% compared to Q4 2020, no less than the year before. This adds to the overall macroeconomic picture an all-time record of 279.6 trillion in revenue gains for the full fiscal year 2021. Yes, friends, Samsung earned around 207.095 million euros in the last year, maintaining a net profit of around 38.241 million euros… it’s a money making machine! In the press release published by the company, there is talk of record numbers in sales of chips and semiconductors. In this scenario of global scarcity, Samsung’s advantage of being not only a device assembler but also an important supplier of many components such as displays, processors, memory chips or photo sensors, among others, gives it a powerful advantage. This helped Samsung not lose production capacity in its mobile business, which also recorded record numbers with more than 300 million smartphone units manufactured during 2021, between Samsung’s own factories and its ODM partners; also adding sales of increasingly expensive smartphones now with 5G connectivity and folding screens. Demand also grew for more premium segment TVs, as well as smart home appliances; even the metal smelting business recorded record revenues in this 4th quarter of 2021.

If anyone has a thermometer in the mobile industry, Samsung should have it, which has already confirmed that foldable phones have a long way to go and also that selling ever more expensive smartphones is something the market is open to accept.

With just a few days until we meet the new Galaxy S22, Samsung can already celebrate the resounding numbers of success in 2021. Samsung Display’s business has grown, if we talk about small-sized OLED panels, those oriented towards mobile phones, although losses have increased among large screens due to falling prices of LCD screens and rising production costs of new panels. QD-OLED. Samsung says it is confident of a recovery, thanks to the huge demand for flexible OLED panels expected from 2022 in the mobile industry. As for the future, it looks to be rosy for Samsung and its customers, with the already scheduled start of production of first-generation 3-nanometer GAA chips, increased production of chips and semiconductors to respond to the high demand, improvement in its expected TV and Appliances businesses, and the growth of Samsung Networks, which will look to expand Samsung-equipped mobile networks in 4G and 5G to more markets around the world. Samsung Display is currently doing quite well, with business growing in the small OLED panel market. However, this may soon change due to falling

LCD screen prices and rising production costs for the new QD-OLED panels. In Portugal, for us, Samsung has done an excellent job! With excellent and dedicated professionals who raise the bar of dedication and professionalism that we want to see reflected in all brands. A hug to the SS who is already in other stops, to the HC who took on the “fight” like no one else and to the NC who has shown how good it is in the TV market. For all the latest tech news, stay tuned to AndroidGeek!

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