Samsung announced its earnings guidance for Q4 2020: Generated KRW 9 trillion in operating profit
Samsung Electronics is the leading global consumer electronics brand, announced its fourth-quarter 2020 profit. In this period the company reported total revenue of KRW 61 trillion (around $55.8 billion) and KRW 9trillion operating profit for the fourth quarter of 2020.
Samsung has got this higher revenue because of higher consumer demand and its flexible global supply chain management.
- Consolidated revenue: approximately 61 trillion won
- Consolidated operating profit: approximately 9 trillion won
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For 4Q results, sales and operating profit decreased by 8.9% and 27.13% compared to the previous year, while sales and operating profit increased by 1.87% and 25.7% compared to the same period last year.
During the epidemic, Samsung performed better than many large companies, and its stock price has risen by 40% since the beginning of 2020. In the early days, sales of memory chips used in data centers and consumer electronics soared by double digits, helping to support the company’s cash flow, but the company’s other key sectors—especially the smartphone business—sales performance did not good.
The provisional results are estimated based on the International Financial Reporting Standards (IFRS) adopted by Korea and are provided to help investors with convenience while the settlement of accounts has not yet been completed.
The above data is estimated based on the comprehensive income of K-IFRS. Please note that according to the Korean Data Disclosure Regulations, profit estimates cannot be expressed as interval values. To comply with this requirement, the above figures are the median of the estimated values of the following intervals.
- Earnings: 60-62 trillion won
- Operating profit: 8.9-9.1 trillion won
The above data is based on the K-IFRS combined profit estimates. According to K-IFRS, Samsung’s comprehensive data for the third quarter of 2020 and the fourth quarter of 2019 are as follows:
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Samsung remained the king in the Q2 2024 market, but Apple and Xiaomi are getting closer. IDC market research data shows that Samsung led the worldwide smartphone market in the second quarter of the year and Chinese brands scored rapid growth.
According to IDC, Samsung sold 53.9 million devices in the second quarter. The company occupied an 18.9% market share internationally. The company has slightly improved its sales share up from 53.5 million units in the same period last year.
The data suggests that Apple ranked second in terms of global volume sales. The iPhone maker shipped 45.2 million devices in Q2, 2024. It captured a market share of 15.8%, a modest increase from 44.5 million shipments in the second quarter of last year.
Third comes Xiaomi. The Chinese brand saw massive growth in sales year over year. It had sold 42.3 million smartphones in the second quarter alone. It’s a big jump from 33.2 million units shipped in Q2 2023, becoming a potential threat to Apple and Samsung.
Apart from this, Vivo also recorded significant growth in the global market. The company’s year-over-year growth in Q2 was 21.9%, with sales listing 25.9 million units with a market share of 9.1%. The growth percentage shows that aggressive marketing and boasting competitive specs into devices is paying off.
Samsung, Apple’s game isn’t over…
Last week, Samsung launched its new foldable phones, releasing on July 24, 2024. Apple, on the other hand, is expected to launch new flagship iPhones in September. It means, Samsung will enjoy the third quarter as well. The fourth quarter might be of Apple as iPhone sales would sharply grow in the global market given the new lineup release.
Samsung is now preparing to unveil new FE products later this year, followed by the S25 series in early next year. Chinese brands are expected to debut their latest flagships in the last quarter of this year, while Google Pixel phones are also coming in August.
Samsung today announced provisional sales and profit results for the second quarter. Samsung formally announced the provisional/predicted sales and operating profit, suggesting a massive profit boom in Q2, 2024 given the AI memory semiconductor rise.
In Q2, 2024, Samsung sales provisionally increased by 2.89% and operating profit by 57.34% compared to the previous quarter thanks to AI boom. Besides, the sales climbed by 23.31% and operating profit by 1,452.24% compared to the same period last year.
The company expects sales of 74 trillion won and operating profit of 10.4 trillion won on a consolidated basis. While these results are not final, there won’t be much change in the final result when it comes out. Samsung had a pretty profitable period in the second quarter.
Samsung in Q2
- Consolidated Sales: Approximately 74 trillion Korean won
- Consolidated Operating Profit: Approximately 10.4 trillion Korean won
The Korean tech giant is currently facing yield issues in its second-generation 3nm process. The flagship Exynos processor is unlikely to be commercialized this year. It would lead the Mobile business to face additional burdens due to rising prices of Snapdragon chipsets.
Meanwhile, Samsung is focussing on HBM (high bandwidth memory) semiconductors. HBM is a key player in artificial intelligence servers and data centers. The booming AI market will directly benefit Samsung’s semiconductor business.
Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
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Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
// Source