Samsung reports record-breaking Q1 revenues boosted by strong Galaxy S22 sales

Samsung introduced its monetary outcomes for the primary quarter of the yr, and the corporate proudly revealed a record-breaking consolidated income for the third straight quarter.

Working revenue was KRW 14.12 billion, and it improved 51% from a yr earlier (KRW 9.38 trillion), with the Gadget Expertise (DX) division posting the very best income since 2013.

In accordance with the detailed monetary report, actually all divisions reported a yearly improve each in gross sales and working revenue. Talking of the cell phones enterprise, Samsung revealed the numbers are the results of robust gross sales of the Galaxy S22 Extremely flagship, in addition to “optimistic responses to new, mass-market 5G fashions” and “stable gross sales of Gadget Ecosystem merchandise” which embrace tablets, smartwatches and audio wearables.

The reminiscence enterprise achieved a record-high in gross sales amid stable demand. The identical occurred to the Samsung Show division, w. outcomes had been pushed by robust gross sales at main smartphone makers, in addition to massive shows for QD panels. TVs are a part of the Visible Show Enterprise, and numbers t. had been pushed by the demand for Neo QLED and Tremendous Massive TVs.

Samsung reports record-breaking Q1 thanks to strong Galaxy S22 Ultra sales

The energy of the US greenback in opposition to the Korean gained outweighed the weak point in some currencies, bringing KRW300 billion in working revenue, in contrast with the earlier quarter.

Samsung is cautious of the macroeconomic and geopolitical uncertainties, together with the persevering with COVID pandemic, in addition to the continuing logistics points. Looking forward to the Q2 outcomes and H2 plans, the Korean firm will prioritize strengthening its place within the premium phase for smartphones and increasing its SoC chip productions.