Samsung announced its earnings guidance for Q4 2020: Generated KRW 9 trillion in operating profit
Samsung Electronics is the leading global consumer electronics brand, announced its fourth-quarter 2020 profit. In this period the company reported total revenue of KRW 61 trillion (around $55.8 billion) and KRW 9trillion operating profit for the fourth quarter of 2020.
Samsung has got this higher revenue because of higher consumer demand and its flexible global supply chain management.
- Consolidated revenue: approximately 61 trillion won
- Consolidated operating profit: approximately 9 trillion won
JOIN US ON TELEGRAM
For 4Q results, sales and operating profit decreased by 8.9% and 27.13% compared to the previous year, while sales and operating profit increased by 1.87% and 25.7% compared to the same period last year.
During the epidemic, Samsung performed better than many large companies, and its stock price has risen by 40% since the beginning of 2020. In the early days, sales of memory chips used in data centers and consumer electronics soared by double digits, helping to support the company’s cash flow, but the company’s other key sectors—especially the smartphone business—sales performance did not good.
The provisional results are estimated based on the International Financial Reporting Standards (IFRS) adopted by Korea and are provided to help investors with convenience while the settlement of accounts has not yet been completed.
The above data is estimated based on the comprehensive income of K-IFRS. Please note that according to the Korean Data Disclosure Regulations, profit estimates cannot be expressed as interval values. To comply with this requirement, the above figures are the median of the estimated values of the following intervals.
- Earnings: 60-62 trillion won
- Operating profit: 8.9-9.1 trillion won
The above data is based on the K-IFRS combined profit estimates. According to K-IFRS, Samsung’s comprehensive data for the third quarter of 2020 and the fourth quarter of 2019 are as follows:
WANT TO SEND US TIPS, UPDATE SCREENSHOTS, OR A MESSAGE? CONNECT WITH US HERE:
- [email protected]
- Message us on Twitter
Also Read:
Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
// Source
In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.
Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.
According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.
The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.