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Samsung quarterly and annual report published

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The quarter brought the South Korean giant about $ 55 billion in revenue, and the year as a whole – about $ 210 billion. Operating income for the quarter was $ 8.09 billion and for the year as a whole it was $ 32.18 billion.

Revenue for the memory chip division was lower than in the third quarter, despite strong shipments. This was driven by the continued decline in memory chip prices, the strengthening of the won and high start-up costs for new production lines. Logic chip and contract manufacturing have also been hit by the strengthening South Korean currency, although orders from large global customers have increased. Display panel profit margins rose significantly both QoQ and YoY, driven by a surge in mobile display production and increased demand in the large panel market.

Mobile profit was down quarter-on-quarter due to lower sales and higher marketing costs. The Network Equipment Business unit boosted profits thanks to strong demand for 4G and 5G equipment. The Consumer Electronics Division reported a quarterly drop in earnings.

In 2021, the company expects overall global demand to recover, but notes the uncertainty surrounding the possibility of a repeat of the COVID-19 waves.

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