Samsung predicts record profits thanks to Galaxy S22 and chip shortage

Despite the chip shortage still in effect, Samsung is forecasting record profits for the 1st quarter of 2022. The manufacturer owes its excellent results to the good performance of the Galaxy S22 and to the sales of its semiconductor division.

samsung galaxy s22 results
Credits: Samsung

If Huawei is posting plummeting revenues (although offset by record profits), Samsung is already forecasting exceptional profits for the 1st quarter of 2022. Indeed, the South Korean brand has just published his report prior to the publication of the official results.

While waiting to have the details on April 28, 2022, Samsung has therefore revealed two figures. First of all, its turnover reached new heights at the start of 2022 with 58 billion euros. This excellent momentum can be seen in its operating profit over the same period, which peaked at €10.6 billion compared to 7.5 billion euros in 2021.

If we will therefore have to wait to have the details of the performance of the different branches of the company, many analysts and specialists agree that Samsung owes its good results mainly to sales of smartphones, particularly those of the Galaxy S22, as well as ‘to good figures from its semiconductor division.

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Samsung is preparing for an exceptional 2022

As several South Korean media claim, this division would have achieved on its own not less than 6 billion euros profit in the 1st quarter of 2022. While other manufacturers have suffered the full impact of the shortage of semiconductors, Samsung has taken advantage of its position as largest supplier of memory chips in the world to raise its prices. Which could explain these very good figures for the semiconductor division.

As said above, Samsung can then thank the very good sales of the Galaxy S22 around the world. It must be said that the manufacturer’s latest flagships have been particularly well received by consumers. A week before its launch in early March 2022, Samsung already recorded one million pre-ordered copies. The S22 Ultra also represented 60% of reservations.

It should also be remembered that the South Korean firm has also achieved excellent figures in the foldable smartphone sector, with no less than 4.6 million Galaxy Z Flip 3 sold in 2021. A record for the manufacturer, which has confirmed its position world number one in this particular market (52% market share). You would have understood it, chances are 2022 will be a great year for Samsung.

Source: Android Headlines

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