Samsung Clocks Record Revenue In Q4 Backed By Premium Smartphones, TV, Home Appliances; Remains Positive For 2022

Samsung Electronics Co Ltd SSNLF reported fourth-quarter FY21 revenue growth of 24% year-on-year to KRW 76.57 trillion.
Finished product businesses, with expanded sales of premium smartphones, TVs, and home appliances, drove the growth.
The operating profit increased 53.3% Y/Y to KRW 13.87 trillion, driven by the semiconductor businesses.
The Display Panel Business posted KRW 9.06 trillion (KRW 9.96 trillion last year) in consolidated revenue and KRW 1.32 trillion (KRW 1.75 trillion) in operating profit.
The MX and Networks Businesses posted KRW 28.95 trillion in consolidated revenue and KRW 2.66 trillion in operating profit.
The CE businesses recorded KRW 15.35 trillion (KRW 13.61 trillion) in consolidated revenue and KRW 0.7 trillion (KRW 0.82 trillion) in operating profit.
In 2022, the Memory Business expects server demand to grow, attributed to increasing IT investments and new high-core CPUs.
In 2022, the System LSI Business hopes to see its performance grow further by maximizing the supply of 5G SoCs for the volume zone and 108- and 200-megapixel sensors.
In 2022, solid demand for OLED is likely to continue despite macro environment-related risks, based on the rising penetration of 5G and growth of the foldable market.