Samsung concluded 2024 on a high note, reporting KRW 75.8 trillion ($52.1 billion) in Q4 revenues, marking a 12% uptick from the previous year. Overall, annual revenues reached $207 billion, with significant profit growth to $22.5 billion. However, market expectations were not fully met, primarily due to weak demand for AI and computing chips. The semiconductor sector faced significant competition and certification issues, affecting its performance, while the Mobile eXperience division also saw declines. Looking ahead, Samsung is optimistic about upcoming flagship phone sales but cautious about the semiconductor market's short-term outlook.
Samsung ended 2024 strong with revenues of KRW 75.8 trillion, a drastic increase from the previous year's fourth quarter, reflecting robust sales despite mixed market expectations.
Despite achieving substantial annual revenue growth and profits for 2024, Samsung faced market challenges mainly due to weak demand for AI and computing chips.
The semiconductor business boosted revenue significantly, yet its short-term outlook remains cautious as competition intensifies and product certifications lag behind expectations.
Looking forward, Samsung anticipates a positive impact from its flagship smartphone launches but acknowledges ongoing challenges in semiconductor demand.
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