Samsung posted its monetary outcomes for July-September 2024, with each gross sales and working revenue bettering on a yearly foundation. The largest contributor was the DS division, which contains of the reminiscence, system LSI, and foundry companies. It noticed a 78% enhance in gross sales and a 200% leap in whole revenue of KRW 3.86 trillion.
The MX enterprise, which sells Galaxy telephones, tablets and equipment, posted a modest 2% enhance in gross sales however a 14.5% decline in revenue because the market was affected by world inflation.
| (all models in KRW / USD) | Q3 2024 | Q2 2024 | QoQ Change | Q3 2023 | YoY Change |
| Cellular eXperience Gross sales | 30.52 trillion / 22.13 billion | 27.38 trillion / 19.86 billion | 11% | 30.00 trillion / 21.76 billion | 2% |
| Cellular eXperience Working Revenue | 2.82 trillion / 2.04 billion | 2.23 trillion / 1.61 billion | 26.5% | 3.30 trillion / 2.39 billion | -14.5% |
| Complete gross sales | 79.10 trillion / 57.38 billion | 74.07 trillion / 53.72 billion | 7% | 67.40 trillion / 48.89 billion | 17% |
| Complete revenue | 9.18 trillion / 6.65 billion | 10.44 trillion / 7.57 billion | -12% | 2.43 trillion / 1.76 billion | 277% |
Samsung revealed that smartphone demand elevated solely barely throughout Q3. Gross sales numbers have been excessive due to improved flagship fashions, and regardless of the fabric prices, revenue improved sequentially.
Expectations for the subsequent quarter are that the market will develop on account of seasonality, which incorporates the vacation season in Western Europe and the US — Thanksgiving, Black Friday and Cyber Monday offers, Christmas and New 12 months.
The reminiscence enterprise remained robust, pushed by corporations’ investments in AI and standard servers. Some stock changes impacted cellular demand, resulting in elevated channel inventories and readjustments in buying demand.
The outlook for the long run is for the market development to stay comparable. Nevertheless, geopolitical points and stimulus packages might have an effect on it; for instance, China might determine to put money into native corporations, and the US may do the identical, successfully hurting Samsung’s efficiency.
