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Samsung breaks revenue records thanks to the good performance of the Galaxy S22 family

Samsung breaks revenue records thanks to the good performance of the Galaxy S22 family

In a financial report published this Thursday (28), Samsung revealed the revenues obtained during the second quarter of this year. According to the Korean manufacturer, despite the crisis in the technology market, the period between April and June was positive for its business.

Samsung’s total revenue stood at 77.2 trillion won (~US$59.2 billion), which is represents a growth of 21% compared to the same period last year. In addition, operating profit stood at 14.1 trillion (~US$10.8 billion), an increase of 12%.

Looking at Samsung’s data, most of the sales growth in the consumer segment came from the Samsung MX division. The company itself admits that the Galaxy S22 line has sold much more than its 2021 predecessors.

Image/playback.

Another factor that has benefited Samsung is the exchange rate, since the company receives payments in dollars, but has costs in Korean won. This resulted in an extra profit of 1.3 trillion won, something that can be converted into almost $1 billion.

However, the “DS Division” – which includes the production of memory chips, semiconductors and foundry processes – has been hampered by macroeconomic uncertainties. In addition to high inflation, a possible recession in major global economies could reduce demand in the medium term.

Projecting the numbers for the next quarter, Samsung remains optimistic about sales of the new Galaxy Z Fold 4 and Z Flip 4.

For the second half, smartphone market demand is expected to remain similar to a year ago or show single-digit growth due to protracted geopolitical issues and economic uncertainties. However, the company intends to expand sales by successfully launching new folding models, pushing the integration of foldable products as a key category in the premium segment.

  • The Samsung Galaxy S22 Ultra 5G is available at Casas Bahia for BRL 6,649 and on Amazon for BRL 7,443.
  • The Samsung Galaxy S22 Plus 5G is available at Casas Bahia for BRL 5,249 and on Amazon for BRL 5,799.
  • The Samsung Galaxy S22 5G is available at Casas Bahia for BRL 4,549 and on Amazon for BRL 4,999.
(Updated July 28, 2022 at 8:34 am)
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