Samsung’s profit has been at an unprecedented level for four years

South Electronics, the world’s largest maker of memory chips and smartphones, Samsung Electronics, also closed last quarter with healthy growth. The company’s pre-issued financial results continued to be driven by increased demand for memory chips in server products and various residential and enterprise solutions, and the wage manufacturing business, which is still unfolding, is generating more and more profits.

According to a preliminary report from the company, Samsung’s fourth-quarter operating profit rose 52% to $ 11.5 billion in Korean won, the last time the company was able to reach a similar level in the last quarter of 2017. The company’s revenue, meanwhile, grew 23% year-over-year to $ 63 billion, a significant improvement in Samsung’s profit-making capacity in one year, driven primarily by demand for memory products and a parallel increase in memory prices.

Samsung basically started this year with a good outlook, as previous forecasts suggest that memory prices will plummet rapidly due to slow supply problems.

The company sold an estimated 67 million smartphones in the fourth quarter – the business was already somewhat affected by the difficulties in the component supply chain, but the company had to face higher marketing costs in the last quarter.

The company announced last December that it would merge its mobile and home electronics business with Samsung Electronics, which will be run by two instead of the previous three CEOs, the company’s management announced today. Samsung last made changes to its corporate structure in 2017, the current decision was due in part to a huge increase in demand for semiconductors and in part to a steady decline in the mobile division’s profit margin.


Source: HWSW Informatikai Hírmagazin by www.hwsw.hu.

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