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Samsung sees 20% annual net profit increase in Q2 2021 with total revenue of KRW 63.67 trillion



Samsung Logo

Recently, Samsung Electronics announced the financial results for the second quarter ending June 30, 2021. The total aggregate revenue was KRW 63.67 trillion, a 20% increase from the previous year and a record for the second quarter.

According to the report, in the second quarter, while reducing smartphone sales due to low season and inadequate supply of components, the company actively responded to server-based memory demand and recorded the highest second-quarter sales as sales of premium household items were also large.

Operating gains recorded 12.57 trillion won as the memory market improved and the Austin base was normal, while display performance improved due to rising sales prices and a single profit.

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The established business also retains strong profits through the effective use of SCM (supply chain management) capabilities, or under difficult circumstances such as stock shortages. The effective profit margin was 19.7%, which improved significantly from the previous quarter and the same period last year.

The company’s capital expenditure in the second quarter reached KRW 13.6 trillion, including KRW 12.5 trillion spent on semiconductors and KRW 0.6 trillion on demonstration. The total amount spent in the first half was KRW 23.3 trillion, including KRW 20.9 trillion semiconductors and KRW 1.4 trillion for display.

Samsung Q2 2021 Business Results

Samsung Mobile Profitability Remains Solid in Q2

The IT & Mobile Communications Division contributed KRW 22.67 trillion in aggregate revenue and KRW 3.24 trillion operating revenue in the second quarter.

With the successful launch of new folding smartphones with a more advanced user experience, the company will strengthen its leadership in the premium category by introducing a foldable model while continuing the momentum of the Galaxy S series sales throughout the year.


Samsung Semiconductor Earnings Rise 

The semiconductor business invested KRW 22.74 trillion in aggregate revenue and KRW 6.93 trillion operating revenue in the second quarter.

The Memory Business reported a significant increase in revenue from the previous quarter, led by strong demand for server and PC memory, as well as a stronger than expected increase in average retail prices for both DRAM and NAND chips.

Samsung Display Earnings 

The Display Panel Business sent KRW 6.87 trillion in total revenue and KRW 1.28 trillion operating revenue in the second quarter. Its acquisition has improved since the last quarter although the season is weak for portable products, mainly due to the one-time profit and the increase in the overall ASP.

Samsung Strong Earnings For Both TV and Equipment

The Consumer Electronics Division, which owns Visual Display and Digital Appliances, recorded KRW 13.4 trillion in total revenue and KRW 1.06 trillion operating revenue in the second quarter.

The company will carefully monitor the rapidly changing market conditions and respond promptly to the changes required by its high-power SCM. Expanded sales of premium products with regional seasonal promotions, improved online and offline purchases, and improved performance is part of the profit system.

Hey, Camila is here! From the very beginning, I love using Samsung phones like a die-hard fan. Apart from detailing One UI features for readers, I love exploring different apps of the Samsung ecosystem with a cup of tea!


Samsung leads Q3 smartphone market, Huawei’s entry haunts Apple



Samsung Galaxy S23 Ultra Z Fold 4 Beige

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.

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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”.

Samsung Q3 2023 Smartphone Market TrendForce

// Source

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Underdog phone brand jumped 50%, Samsung and Apple lost ground



Samsung 55th shareholders meeting

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.

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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.


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Samsung enjoyed 2023’s last victory over Apple?



Samsung smartphone

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.

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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.

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