• - Samsung Financial Report for the Second Quarter of 2021 - Record-breaking revenue for the second quarter

    Samsung Financial Report for the Second Quarter of 2021 - Record-breaking revenue for the second quarter

    24 Days, 21 Hours ago

    Tags:  Statistics  -  Financial-Report  -  Samsung

    Samsung released its Financial Report for the Second Quarter of this year ending June 30, 2021 on Thursday, July 29, 2021. According to the report, Samsung's revenue this season reached 63.67 trillion South Korean won (at the current exchange rate of nearly 55.51 billion US dollars), which is accompanied by 20% annual growth and is a record for the Second quarter. Samsung's operating profit for the period rose 34 percent year-on-year to 12.57 trillion won (about $ 10.95 billion) as a result of Samsung's improving market conditions, normalization of manufacturing operations at the Austin Texas plant, and effective supply chain management. World knows. <b>Samsung</b> <b>Financial</b> <b>Report</b> for the <b>Second</b> <b>Quarter</b> of <b>2021</b> - <b>Record-breaking</b> <b>revenue</b> for the <b>Second</b> <b>Quarter</b>

    Samsung's semiconductor segment has seen a significant increase in revenue as the memory supply surpassed previous forecasts, and the higher-than-expected price increase, along with greater cost competitiveness, has also helped to improve the conditions of this subset. Is. In the Display Panel Business, a one-off gain and an increase in total prices have boosted the business's profits. The revenue and revenue of Samsung Mobile Communications Business in this period compared to the previous Quarter due to lack of supply of parts and disruptions in the production route due to Covid-19 has decreased, but this business, according to Samsung, using its "global capabilities in Supply Chain Management has demonstrated stable profitability. The consumer electronics business sector has also produced strong results as sales of advanced products have increased and market demand has remained high.

    We will review the details of the performance of various Samsung divisions in the recent chapter. Information Technology & Mobile Communication (IT & Mobile Communication)

    The IT & Mobile Communication division of Samsung, which includes smartphones, tablets, peripherals and other smart gadgets of the company in the Second Quarter of 2021 revenue was 22.67 trillion won, down 29.21 trillion won from the first quarter, but a comparison of 20.75 trillion won in the Second Quarter of 2020 indicates a 9.2 percent increase. This story has been repeated in the field of profitability, and while its profit of 3.24 trillion won has decreased compared to 4.39 trillion won in the first quarter of 2021, but compared to the previous year and the profit of only 1.95 trillion won, it shows a significant increase of 66%.> <b>Samsung</b> <b>Financial</b> <b>Report</b> for the <b>Second</b> <b>Quarter</b> of <b>2021</b> - <b>Record-breaking</b> <b>revenue</b> for the <b>Second</b> quarter Samsung Galaxy S21 Ultra 5G

    Samsung attributes the weaker results of this segment in the second Quarter compared to the previous Quarter to the seasonal decline and the continuation of the Corona pandemic. Shortages in the parts supply chain and disruptions in production operations at the Vietnam plant have been cited as other factors in reducing revenue and profits. However, while expressing satisfaction with the double-digit operating profit margin in this area, Samsung sees it as the result of a rebalancing of product supply with its global capabilities in supply chain management and cost structure improvement. Products such as tablets and wearables, which Samsung refers to as Device Ecosystem products, have also contributed to the greater profitability of this subset in the Second Quarter of 2021.

    Samsung is talking about its plan to introduce new clamshell phones with a more improved user interface in the future, which the company believes will lead Samsung to the advanced and premium device segment with the widespread release of this category. In the field of networking, Samsung also talks about its decision to develop and grow sales in North America and Japan, and to explore new business opportunities in Europe and other markets, citing growth in the North American market and the expansion of 5G networks in South Korea. Semiconductors

    Semiconductors became the most lucrative subset of Samsung in the Second Quarter of 2021, earning $ 22.74 trillion, even more from mobile communications. The operating profit of this sector is also the highest among other Samsung businesses and with 6.93 trillion won, it exceeds twice the profit of the mobile sector. Revenue and profits of this sector compared to last year increased by 24.7 and 27.6 percent, respectively, which clearly indicates its brilliant performance.

     <b>Samsung</b> <b>Financial</b> <b>Report</b> for the <b>Second</b> <b>Quarter</b> of <b>2021</b> - <b>Record-breaking</b> <b>revenue</b> for the <b>Second</b> <b>Quarter</b>

    Memory business segment in this subset relying on the massive demand for PC memory and servers And higher-than-expected increases in the average price of both of the business's key products, DRAM and NAND chips, have seen a significant increase in revenue. In the DRAM sector, there is a strong demand from database companies due to the sustainable growth of cloud services, and the continuation of the process of work and distance learning has also led to the upgrading of the PC market. Demand for mobile memory, of course, has been limited in the short term due to the frequent waves of COVID-19 in smartphone manufacturing areas on the one hand and the limited supply of key components on the other.

    Growth in the graphics market due to high demand for cryptocurrencies and graphics cards for gaming PCs, growth in demand for memory in game consoles and growth in the production of the sixth generation of 128-layer V-NAND memory are other statistics provided for this Is a subset. Among Samsung's plans and predictions for this subset in the future should be a camera sensor with 0.64 micron pixels ISOCELL, which is the smallest pixel size in the industry. Mass production of 14-nanometer DRAMs with EUV process and 176-layer V6 NAND 7-layer dual-stack SSDs for the consumer market are some of the other future plans of this business.

    Business Panel Display

    Business The Display Panel Business in the Second Quarter of 2021 achieved a combined revenue of 6.87 trillion won, which is not much change compared to 6.72 trillion won last year. The operating profit of this part, of course, has well offset this issue and has increased by 1.28 trillion ounces, more than 326% compared to last year. Samsung attributes this revenue growth to a one-time gain and an increase in the average selling price range. The mobile display segment in this subset has ideal conditions due to the continued acceptance of OLED panels among Samsung customers, and compared to last year, it has faced an increase in both sales and operating profit. For large screens, although the conversion of production lines to QD displays has affected revenue, its profitability has improved due to the increase in the average selling price of TV panels and monitors.

     <b>Samsung</b> <b>Financial</b> <b>Report</b> for the <b>Second</b> <b>Quarter</b> of <b>2021</b> - <b>Record-breaking</b> <b>revenue</b> for the <b>Second</b> <b>Quarter</b>

    Samsung predicts in this section in the future, demand recovery for mobile monitors is why The company's main customers are planning to offer new flagship models, including high-value products such as clamshell phones. Of course, there are also concerns about the difficulty of sourcing some components, such as the display driver IC (DDI), which may affect the supply of products to some customers. Consumer Electronics The Consumer Electronics Division, which consists of two subsets of Visual Display and Digital Appliance, will now generate $ 13.4 trillion in revenue. Compared to last year's revenue of 10.17 trillion won, it grew by 31.7 percent. The operating profit of this sector has reached more than 45% of the annual growth by reaching 1.06 trillion one.

    Samsung Samsung Neo QLED TV

    In a Report from this subset, Samsung points to declining demand for TVs due to the seasonal decline, although the ratio is still It is at a higher level than last year. The expansion of sales of premium and advanced products, including the newly introduced Neo QLED model and a timed response to demand for global sporting events, has resulted in significant profits for the subsidiary.

    Samsung also The results show the stable digital home appliance business, which the company says was driven by pent-up demand. pent-up demand refers to a situation in the market where the demand for a particular product or service increases sharply after a period of limitation. The global launch of Bespoke line products in May and its positive feedback among users and the introduction of new lifestyle products such as smart shoes and wireless vacuum cleaners are other events related to this subset of Samsung in the second Quarter of 2021. For the Second half of 2021, Samsung is talking about continuing Covid-19 doubts about this sector by imposing a certain risk on both the TVs and digital home appliances, although due to seasonal improvements, the demand for TVs is in the middle. The Second of this year will probably improve.

    Labels: samsung, financial, report, second, quarter, 2021, record-breaking, revenue

Latest news from the Statistics & Financial-Report & Samsung