Samsung’s fourth quarter 2024 performance report reveals a revenue of 75.8 trillion won, marking a 12% increase from the same period last year. Operating profit surged to 6.5 trillion won, up by an impressive 132%, resulting in a net profit of 7.8 trillion won.
Despite a slight decrease in revenue and profit compared to the third quarter of 2024, Samsung’s overall performance in 2024 ranks as the second highest in company history, surpassing the revenue achieved in 2022.
Looking ahead to 2025, Samsung anticipates that the semiconductor segment may not fully recover in the first quarter, but sees growth opportunities in the premium smartphone market with AI capabilities as a key selling point.
Samsung’s semiconductor business reported revenue of 30.1 trillion won, reflecting a 39% increase driven mainly by memory products, which saw a record 46% growth in sales of HBM and DDR5 for servers. The Mobile Experience and Network groups generated revenue of 25.8 trillion won, a modest 3% increase due to the delay in launching new smartphones. However, expectations are high for growth in the current quarter driven by the release of the Galaxy S25.
TLDR: Samsung reports impressive revenue and profit growth in Q4 2024, with semiconductor business leading the way, and optimistic outlook for premium smartphone market in 2025.
Leave a Comment