Samsung reports record revenue in 2021, strong foldable sales in Q4

Yordan, 27 January 2022

Samsung posted its yearly financial results, and they revealed a new revenue record for the calendar year - KRW279.6 trillion (that’s about $232 billion). That’s a massive 18% increase on a yearly basis, thanks to improved sales in all divisions across the Samsung Electronics company.

Both operating profit and revenue in Q4 2021 improved as well - sales jumped 24%, while the income grew by 53% compared to Q4 of 2020.

Samsung Electronics financial results in Q4 and FY 2021
Samsung Electronics financial results in Q4 and FY 2021

The Korean giant revealed in a press release that growth between October and December was driven mainly by the finished product businesses, such as smartphones, including foldables Galaxy Z Fold3 and Galaxy Z Flip3, as well as TVs and home appliances.

Overall market demand for smartphones increased in the last quarter due to strong year-end seasonality, including the Christmas holidays and New Year. Revenue was also driven by Device Ecosystem products, such as tablets and wearables.

Samsung reports record-high revenue in 2021, foldable sales helped in Q4

Samsung expects uncertainties related to the pandemic and component shortage to persist in 2022, but it still hopes to continue growing.

The first step in the process will be the launch of the new Galaxy S series, expected to take place online at the Samsung Unpacked event on February 9.



Reader comments

  • Anonymous
  • 02 Feb 2022
  • tA$

Samsung Market Cap $600 billion Revenue 2021 $232 billion Operating profit $42 Billion Google Market Cap $1.8 Trillon Revenue $257 Billion That massive blow from Samsung. Samsung is undervalue or Google is overvalue ?

  • dazed1
  • 29 Jan 2022
  • 3bm

Good luck on the massive downgrade.

Everyone is greedy, business is about making money. We don't know the future, we have to seize the current market opportunities. For me, Sony TVs are more expensive than Samsung and LG. Even though I love Sony.

Popular articles


Popular devices

Electric Vehicles