In the fourth quarter, profits decreased compared to the previous quarter due to lower semiconductor prices and sluggish smartphone sales. I jumped over.
Samsung Electronics Seocho Office BuildingSamsung Electronics announced on the 8th that, as a result of compiling provisional performance on a consolidated basis last year, operating profit increased by 29.46% compared to the previous year to 35.95 trillion won.
Sales totaled 236 trillion won, a slight increase (2.54%) from the previous year.
Last year’s overall sales performance was similar to that of 2019, but profitability has improved significantly compared to the previous year.
The start was sluggish compared to previous years due to the Corona 19 pandemic (a global pandemic) in the first half of last year. The home appliance market is also a good result.
In the fourth quarter alone, operating profit was 9 trillion won and sales were 61 trillion won, up 25.7% and 1.87% respectively compared to the same period in 2019.
However, overall earnings were slower compared to the previous quarter (the third quarter of last year), which recorded an’earning surprise’.
In the fourth quarter, semiconductor prices fell, the won-dollar exchange rate plunged, and smartphone sales decreased.
In the fourth quarter of last year, the operating profit of Samsung Electronics in the fourth quarter of last year was in the range of 4.3 trillion won for semiconductors, 800 to 900 billion won for consumer electronics (CE), and 2.3 to 2.4 trillion won for mobile (IM). It was estimated to be early.
In the case of semiconductors, the overall market conditions were good last year, but in the fourth quarter, operating profit fell by more than 1 trillion won from the third quarter due to the fall in memory semiconductor prices such as server DRAM and the plunge in the won-dollar exchange rate.
Components such as semiconductors and displays, which are mainly produced in Korea, are significantly affected by the exchange rate compared to the set (finished products) sector such as home appliances and mobile phones, which have a high proportion of overseas factories.
The mobile (IM) division, which generated more than 4 trillion won in operating profit with the new Galaxy series in the third quarter, was also affected by Apple’s new iPhone 12 box office, which was launched at the end of October last year, and lockdown due to re-proliferation of corona in Europe As a result, stock prices reported that operating profit fell by more than KRW 1.6 trillion in 4Q.
Last year, home appliances were generally promoted around the’Bespoke’ series, and TVs sold more than 49 million units (based on Omdia counts) annually, an increase from 2019 (44.07 million units). did.
However, profitability in 4Q was lower than in 3Q due to year-end discount sales such as Black Friday and increased marketing expenses.
On the other hand, Display (DP) is predicted to have a high operating profit of around 1.5 trillion won in the second half of last year as OLED and LCD panel prices such as smartphones and TVs surged.
Experts predict that this year, Samsung Electronics will continue to outperform last year’s performance, mainly semiconductors, with the arrival of a semiconductor supercycle (long-term boom) due to rising DRAM prices.
This year’s operating profit is more than 50 trillion won, which is expected to be comparable to that of the 2017-2018 semiconductor super boom (53.7 trillion to 58.9 trillion won).
In particular, expectations are high for the growth of the foundry (semiconductor commissioned production) sector, which has recently been rapidly increasing in demand.
KTB Investment & Securities predicted that Samsung Electronics achieved a record-high sales of 14 to 15 trillion won in the foundry sector last year, and is expected to increase to 20 trillion won this year.
The stock market predicted that Samsung Electronics’ mobile application processor (AP) such as the Exynos series and system semiconductors such as image sensors will continue to grow.
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