Samsung made its profits public for this third quarter 2024 Yes Their profits increased by more than 70% thanks to the latest launches in recent months.
Samsung focuses on leadership
If we analyze the data that the company itself has shared, the Samsung MX division has seen annual sales growth thanks to the launch of the new foldables, the latest Galaxy Tab S10 and the new Galaxy Watch.
On this subject, Samsung has indicated that its intention is continue to increase profitability increased sales of high-end phones and devices from the family of portable deviceslike the Galaxy Buds.
In this sense, he also hopes maintain your leadership on the market High-end OLED panels for smartphones and is confident of increasing its profits in this segment. Like for example thanks to the iPhone 16 which has just gone on sale and is equipped with Samsung OLED screens.
Regarding the division Samsung DXthat dedicated to its household appliances, the company plans to increase its profits with the sale of high-end household appliances. Regarding the revenues that have been recorded in this segment, during this third quarter of 2024, the figure amounts to 10.4 billion dollars. Even if the South Korean firm is confident in its growth due to the Christmas period which has not yet arrived.
In total, the income from Samsung Electronics in the third quarter of 2024 were $57.34 billionwhile its net profit was 7.3 billion. This means that the company’s revenues have been 17.3% higher and that the profit was 72.8% higher compared to the data recorded in the previous quarter of 2024.
Even if these figures are rather positive, the activity of semiconductors met some difficulties and decreased its overall profit compared to the previous quarter. But despite this, there was a profit of 2.79 billion dollarsa much better figure than that of the same quarter of last year 2023.
With the launch of the Galaxy S25 series fast approaching and the A boost to AI that Samsung is aiming for, the forecast for 2025 is that these numbers will continue stay strong.
Pictures | Samsung
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