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Samsung reports document-breaking Q1 revenues boosted by solid Galaxy S22 gross sales

Samsung announced its monetary outcomes for the first quarter of the year, and the corporate proudly published a document-breaking consolidated revenue for the third straight quarter.

Working revenue was once KRW 14.12 billion, and it improved 51% from a year earlier (KRW 9.38 trillion), with the Machine Abilities (DX) division posting the very supreme revenue since 2013.

Samsung reports record-breaking Q1 thanks to strong Galaxy S22 Ultra sales

In accordance to the detailed monetary document, literally all divisions reported a yearly enhance every in gross sales and working revenue. Talking of the mobile telephones enterprise, Samsung published the numbers are the final result of solid gross sales of the Galaxy S22 Extremely flagship, as properly as “sure responses to fresh, mass-market 5G objects” and “solid gross sales of Machine Ecosystem merchandise” which include capsules, smartwatches and audio wearables.

The memory enterprise accomplished a document-excessive in gross sales amid solid interrogate. The identical came about to the Samsung Demonstrate division, where outcomes were pushed by solid gross sales at fundamental smartphone makers, as properly as colossal shows for QD panels. TVs are section of the Visual Demonstrate Industry, and numbers there were pushed by the interrogate for Neo QLED and Tall Gargantuan TVs.

Samsung reports record-breaking Q1 thanks to strong Galaxy S22 Ultra sales

The strength of the US greenback against the Korean received outweighed the weakness in some currencies, bringing KRW300 billion in working revenue, compared with the outdated quarter.

Samsung is wary of the macroeconomic and geopolitical uncertainties, alongside with the continuing COVID pandemic, as properly as the continuing logistics points. Having a perceive ahead to the Q2 outcomes and H2 plans, the Korean company will prioritize strengthening its space within the highest class section for smartphones and expanding its SoC chip productions.

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