Samsung gets back on track with tenfold increase in profit for Q1 2024

30 April 2024
The main reason is strong sales of Galaxy S24 phones and memory semiconductors.

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  • Anonymous
  • 7A@
  • 04 May 2024

Anonymous, 03 May 2024i don't understand why people care about samsung or ap... moreReally, maybe you should go buy an
LG phone.

    • ?
    • Anonymous
    • IhZ
    • 03 May 2024

    i don't understand why people care about samsung or apple finance....who cares

      Anonymous, 30 Apr 2024That's why you shouldn't buy a new phone every ye... moreMy last phone was SGS 7, my current phone is A52s. If they had headphone jacks and revolutionary cameras in each generation, I'd be using S24 Ultra by now. But Samsung does a fantastic job at making sure I don't waste money on smartphones :D

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        • Msmoorad
        • fXa
        • 02 May 2024

        Hope they pay their employees a percentage of the higher profits

          • L
          • Lu
          • gGc
          • 30 Apr 2024

          OSasmatteroffact, 30 Apr 2024my country sucks, its always on the shorter end of the stic... moreSame where I live. If you want an S24 Ultra, you have to pay 1760€ for the 256gb version. Such a thing as discounts or freebies do not exist.

            Anonymous, 30 Apr 2024Here in us it is 1620 without taxes.my country sucks, its always on the shorter end of the stick
            not only the price is much more expensive, we dont get the discount price when they should (like in other country when the price already go down here the price stays the same even when no one buys them), also other models like the A35 got free buds but we dont have that here
            but still the 200$ cheaper is just samsung reducing their pure profit, they are still profiting much because in actuality they would still profit much even if they sold it at 1000$ price point

              • ?
              • Anonymous
              • Ib5
              • 30 Apr 2024

              raditz594, 30 Apr 2024So true. Buying a new device after a year is basically no u... moreSurprisingly my three years old Samsung A52 still runs fine. No any issues with battery or camera.

                Anonymous, 30 Apr 2024That's why you shouldn't buy a new phone every ye... moreSo true. Buying a new device after a year is basically no upgrade at all!

                  Compared to S23 ultra, the S24 ultra got better chipset, better camera, faster and smoother performance, A.I. that is integrated to many aspects of the phone, better screen with less reflection, better durability and build.

                  I wouldn't call all that basically the same phone at all.

                  I am new to this site but I find myself not understanding what some people hear want. For me, I don't care about brand or brand loyalty. It's just a product to me at the end of the day. What I care about is how good the product is, and currently the S24 ultra seems to be the best so far.

                  If tomorrow Apple, Xiaomi or whoever releases a phone that is overall superior, I'd get it in a heartbeat. At the end of the day the best product is the one that provides the best overall value.

                    "... Overall revenue also rose 13%."


                    How can profits increase tenfold while revenue rises only 13%???

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                      • The Critic
                      • PvW
                      • 30 Apr 2024

                      Anton .el PAPI., 30 Apr 2024Copying almost everything Apple does has paid off ehhIf it wasn't for samsung Apple would of still have 5 and some inches phones and a dead OS with no widgets and you sheep would of been OK with that. Thank God for Samsung

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                        • Anonymous
                        • 0cB
                        • 30 Apr 2024

                        OSasmatteroffact, 30 Apr 2024Well yeah with the s24 ultra price point for 1800$ which, t... moreHere in us it is 1620 without taxes.

                          Well yeah with the s24 ultra price point for 1800$ which, the 900$ are pure profits and even if samsung sold it at 900$ it will already get a huge profits in itself, so the profit for a single unit is more than 1000$, if samsung sold 1000 units of the s24 ultra they already pure profits for 1M$ and this is talking about pure profit not a net profit you get after the gross, means pure profit goes to the wallet directly while net profit goes to the sale distribution

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                            • WhoCaresTM
                            • 0mU
                            • 30 Apr 2024

                            Anonymous, 30 Apr 2024S25? S24 just came out. Are you in a hurry?I meant the s24...typo.

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                              • Anonymous
                              • 0cB
                              • 30 Apr 2024

                              WhoCaresTM, 30 Apr 2024And they say Apple customers are sheep. S25 is the worst... moreS25? S24 just came out. Are you in a hurry?

                                • ?
                                • Anonymous
                                • 0cB
                                • 30 Apr 2024

                                Yuri84, 30 Apr 2024Practically the entire improvement comes from Device Soluti... moreThat's why you shouldn't buy a new phone every year or even every two years. Every three years is good.

                                  Xiaomi sisters melting down rn

                                    Yuri84, 30 Apr 2024Practically the entire improvement comes from Device Soluti... moreGot my S24U cheaper in preorder then my former S23U and like much more... But still i dont like Samsung and I never will be a hater or a brand fan.

                                      Anonymous , 30 Apr 2024S24 series is a success. Stop crying Probably only the S24Ultra sold the most....

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                                        • Anonymous
                                        • 05e
                                        • 30 Apr 2024

                                        Anton .el PAPI., 30 Apr 2024Copying almost everything Apple does has paid off ehhThat is what you're going to tell yourself next year when Apple copies AI, like Apple has copied and literally bought EVERYTHING from Samsung and other real manufacturers.

                                        Note: The reason Samsung is soaring and Apple is crashing is because of those facts.