Samsung announced its financial results for the fourth quarter of 2023, with sales down 3.8% year-on-year and operating income down 34%, but it is expected to have improved from the third quarter.
Samsung has announced its financial results for the fourth quarter of 2023 (October 1st to December 31st). Although sales decreased by 3.8% compared to the same period last year and operating income decreased by 34.57% compared to the same period last year, the company believes that demand in the semiconductor field, which had been an issue, has come out of the slump.
Samsung Electronics Announces Fourth Quarter and FY 2023 Results – Samsung Global Newsroom
Samsung Electronics Q4 2023 earnings report
https://www.cnbc.com/2024/01/31/samsung-electronics-q4-2023-earnings-report.html
Samsung's chip unit narrows loss in Q4 in sign of improvement - Nikkei Asia
https://asia.nikkei.com/Business/Tech/Semiconductors/Samsung-s-chip-unit-narrows-loss-in-Q4-in-sign-of-improvement
Samsung's sales for the fourth quarter of 2023 were 67.78 trillion won (approximately 7.5 trillion yen), down 3.8% from the same period last year, and operating profit was 2.82 trillion won (approximately 300 billion yen), down 34.57% from the same period last year. yen). As a result, sales for the full year of 2023 will be 258.94 trillion won (approximately 28.65 trillion yen), down 14.3% from the previous year, and operating income will be 6.57 trillion won (approximately 730 billion yen), down 84.9% from the previous year. yen).
In addition, the total amount of capital investment in 2023 includes 48.4 trillion won (approximately 5.35 trillion yen) for the device solutions division (formerly the semiconductor division) and 2.4 trillion won (approximately 270 billion yen) for Samsung Display. It is reported that it has reached 53.1 trillion won (approximately 5.87 trillion yen).
In 2023, memory chip prices plummeted as consumers held back on smartphone and PC purchases due to inflation, and companies stockpiled excess chip inventories during the pandemic. . As a result, Samsung's semiconductor business was also hit hard, and the semiconductor division's sales in the fourth quarter of 2023 were 21.69 trillion won (approximately 2.4 trillion yen), with an operating loss of 2.18 trillion won (approximately 2.4 trillion yen). billion yen).
However, the semiconductor market continued to improve throughout the fourth quarter, the global PC market recorded moderate growth of 3% year-on-year in the fourth quarter, and investments in generative AI across the IT industry led to Demand is also showing signs of recovery. Samsung expects the semiconductor market to continue recovering in 2024, despite interest rate policy and geopolitical issues.
In addition, sales for the mobile business and network business in the fourth quarter of 2023 were 25.4 trillion won (approximately 2.77 trillion yen), and operating income was 2.73 trillion won (approximately 300 billion yen). Smartphone sales and operating income in the fourth quarter decreased from the third quarter, but this was due to the launch of the flagship model in the third quarter.
According to market research company IDC, Apple has risen to the top with a 20.1% share of the smartphone market in 2023, while Samsung has fallen to the top for the first time since 2010, with a share of only 19.4%. However, Brian Ma, vice president of device research at IDC, said, ``Part of this is because the smartphone market has shifted to higher price points. He pointed out that the average selling price of Samsung's smartphones increased by about $ 100 (about 15,000 yen) from 2020 to 2023.
Apple finally overtakes Samsung to take first place in smartphone market share - GIGAZINE
2023 was a difficult year for Samsung, but in addition to memory chip prices recovering from the bottom, sales of high-end smartphones were strong, and sales and operating income in the fourth quarter improved from the third quarter. He said. Although global macroeconomic uncertainty is expected to continue in 2024, Samsung believes that the semiconductor market and IT demand will continue to recover. We expect to see further significant improvement in the second half of the year.'
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