Samsung has disclosed its revenue earnings for last year.
The South-Korean giant got to a new record with its 2021 fourth quarter (Q4) earnings, marking an annual operating profit of a whopping $42.9 billion, while having a total $232.4 billion in revenue.
The electronics maker had hit a spectacular $11.5 billion in operating profit and $63.6 billion in revenues as compared to its third-quarter (Q3) revenue, with the heightened capital for the company majorly responsible for the 24 percent Year-on-Year (YoY) growth in revenue driven by the increased sales of consumer goods, like its new generation premium smartphones, televisions, and a variety of different units.
Even with the global chip shortage appearing to cripple small businesses, with slow growth in recognized firms, Samsung’s semiconductor business was the primary derivative of its 2021 Q4 operating profit growth, marking an impressive 52 percent YoY.
The electronics Coy will ideally be using 2022 to work towards having a consistent rising growth margin with the release of new mobiles with flagship phones, tablets, and wearable devices, in addition to other varieties of mainstream 5G devices.
The company will also be looking to develop a much more far-reaching growth, with the marketing and sales of foldable panels to more manufacturers, as clearly demonstrated in its latest ventures into quantum-dot OLED TV panels, a move fashioned to alleviate the company’s latest loss in large panels.
The titan had last month intimated the public of the release of the world’s first QD-OLED TV using Samsung panel.
Popular news hub The Verge had reported on some of the qualities of the QD-OLED TV when it wrote:
“QD-OLED screens differ from the traditional OLED panes that have long been manufactured by LG Display in the way they produce an image.
QD-OLED changes this up by emitting blue light through quantum dots to convert some of that blue into red and green without any need for the colour filter. This leads to greater light energy efficiency; since you’re not losing any light to the colour filters, QD-OLED TVs should offer brightness gains compared to past-generations OLED,” the tech-news journal added.
Samsung had earlier in the week revealed the date for its widely anticipated ‘Unpacked event’.
The February 9 event will witness the unveiling of Samsung’s Galaxy S22 smartphones series.
TM Roh, Samsung’s head of mobile business, has teased that the latest series will have similar functionalities to the Galaxy Note line, something Samsung users and lovers will look forward to.
Ayoola Faseyi, an Abuja based Journalist with interest in Technology and Politics. He is a versatile writer with articles in many renowned News Journals.He is the Co-Founder of media brand, The Vent Republic.
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