Samsung Galaxy S22 Ultra
Samsung announced its financial report for the first quarter of 2022 today. The data showed that operating profit for the quarter reached $11.12 billion, a 51% increase from a year ago, and revenue for the same period reached a record $61.2 billion. As in the past, the memory segment was a standout. The segment beat forecasts to record $21.14 billion in revenue, as memory prices did not fall as analysts had forecast. While the segment’s profits fell slightly due to incentives and seasonality, demand from the PC and server markets provided steady support for the results. In addition, Samsung’s foundry business also achieved the highest single-quarter sales in history this quarter, which also helped the memory division. Overall, Samsung is optimistic about the division’s prospects, but it expects a global component shortage to continue into the second half of the year, during which time they will keep an eye on it and make adjustments in due course.
Due to seasonal factors and “geopolitical instability”, demand in the mobile phone market decreased last quarter. But even so, Samsung Mobile’s revenue and profit reached $25.5 billion and $3 billion, both better than last year’s Q1. The new flagships represented by the Galaxy S22 Ultra have performed well (it is said that the demand for the S22 series is as much as 20% higher than that of the previous generation), while the new 5G phones for the mass market have also made a lot of contributions. Samsung expects component shortages in the mobile industry to continue for some time, but they believe the supply of the S22 series will improve, so they will continue to be optimistic about its sales in the next quarter.
Samsung’s mobile display business also grew as high-end handsets focused on debuting at the beginning of the year. As for large-size panels, QD products have received good market feedback, and the manufacturer also has expectations for the newly announced QD-OLED technology at CES. However, the TV division performed poorly in Q1, which was partly affected by the Russian-Ukrainian war. Since the beginning of March, Samsung has stopped shipping to Russia, where there is also a Samsung TV factory. The development of the conflict between the two countries still does not have a clear direction, so Samsung’s local business prospects are still unclear.
