Idc yoy 39.9m 12.7m yoy samsung
Samsung, the South Korean multinational conglomerate, recently released its Q2 2021 earnings report. The report showed that Idc yoy 39.9m 12.7m yoy samsung revenue for the quarter was KRW 63.67 trillion ($55.6 billion), an increase of 20% YoY. However, the company’s operating profit was KRW 12.57 trillion ($11 billion), a decrease of 5% YoY.
Revenue
Samsung’s revenue for Q2 2021 was driven by its semiconductor business, which accounted for KRW 22.74 trillion ($19.8 billion) of the total revenue. The company’s mobile business also contributed to the revenue growth, with sales of KRW 22.67 trillion ($19.8 billion), up 15% YoY. Samsung’s consumer electronics business, which includes TVs and home appliances, also saw an increase in revenue, with sales of KRW 13.18 trillion ($11.5 billion), up 6% YoY.
Operating Profit
Despite the increase in revenue, Samsung’s operating profit for Q2 2021 decreased YoY. The decline in operating profit was due to lower margins in the company’s mobile business and increased marketing expenses. Samsung’s mobile business saw a decrease in operating profit, with KRW 2.67 trillion ($2.3 billion), down 22% YoY. The company’s semiconductor business also saw a decrease in operating profit, with KRW 6.61 trillion ($5.8 billion), down 3% YoY.
Outlook
Samsung expects its semiconductor business to continue to drive revenue growth in the second half of the year, as demand for chips remains strong. The company also expects its mobile business to improve in the second half of the year, with the launch of new flagship devices. However, Samsung warned that the ongoing COVID-19 pandemic and global chip shortage could impact its business in the second half of the year.
Conclusion
Samsung’s Q2 2021 earnings report showed strong revenue growth, driven by its semiconductor and mobile businesses. However, the company’s operating profit decreased YoY, due to lower margins in its mobile business and increased marketing expenses. Samsung expects its semiconductor business to continue to drive revenue growth in the second half of the year, but warns that the ongoing COVID-19 pandemic and global chip shortage could impact its business.
