Samsung sets revenue records with stronger product sales

Samsung Electronics broke both its quarterly and annual records for revenue in the fourth quarter of 2021, making 13.87 trillion won (~$11.5 billion) in operating profit off 76.57 trillion won (~$63.6 billion) in revenue in the three-month period. The full-year numbers were 51.63 trillion won ($42.9 billion) in operating profit and 279.6 trillion won (~$232.4 billion) in revenue.

Samsung attributes the 24-percent year-on-year revenue growth to increased sales of consumer products like premium smartphones, TVs, and appliances. The more profitable semiconductor business drove operating profit growth of 52 percent year on year, despite supply chain issues limiting production of RAM and flash storage.

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