Connect with us


Samsung quarterly and annual report published



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.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Phones29 mins ago

6000 mAh, dual camera and Android 10 for $ 95. Gionee Max Pro long-playing smartphone presented

Gionee, which recently resumed its activities after almost bankruptcy, presented a new smartphone – Gionee Max Pro. The novelty debuted...

Components40 mins ago

And here the miners are to blame? Video card makers massively abandon GeForce RTX 3090 with centrifugal fan

Now, with great demand, any model of a modern video card is a highly profitable product that makes no sense...

Software51 mins ago

Microsoft began to prepare users’ PCs for the new Windows 10

Microsoft will release a stable version of the major Windows 10 update in May-June 2021, but has already begun preparing...

Software1 hour ago

Two-year bestseller Redmi K20 gets long-awaited Android 11, Xiaomi Mi 9T on the way

Xiaomi has begun to distribute the MIUI 12 stable shell based on the latest version of the Android 11 operating...

News3 hours ago

LG sells over 2 million OLED TVs for the first time in a year

Sales of LG Electronics TVs with OLED screens exceeded 2 million units last year. This mark was taken for the...

News3 hours ago

AMD Zen 4 microarchitecture will support AVX-512 commands

The next generation AMD processor microarchitecture known as Zen 4, which will underpin the 4th Generation AMD EPYC (Genoa) server...

News3 hours ago

LG’s unique retractable TV with high-quality images

Korean tech giant LG has received a new patent for a new retractable TV. The patent application was filed with...

News3 hours ago

Joe Biden to approve rules against Trump-era Chinese companies

According to Reauters, the administration of US President Joe Biden is planning to approve a Trump-era law targeting Chinese tech...

Most Popular