According to Samsung's latest report, in the fourth quarter of 2024, the company's revenue reached 52.1 billion USD, an increase of 11.8% compared to the same period in 2023. Operating profit increased to about 4.46 billion USD, a growth of 29.9% compared to the same period in 2023.
Despite the growth, Samsung's profit was still nearly 16% lower than market forecasts, mainly due to limited demand for semiconductor chips used in AI (artificial intelligence) servers and personal computing devices.
Samsung is still struggling with its high-bandwidth memory (HBM) chips. According to Phone Arena, Samsung's HBM3E chip has not yet received certification from Nvidia to use the company's AI accelerator components, which are widely used by major tech companies such as Amazon, Google, Meta, Microsoft, and OpenAI.
In the final quarter of 2024, Samsung's semiconductor division recorded revenue of $20.68 billion and operating profit of about $1.99 billion.
In the smartphone segment, Samsung continues to face strong competition from Chinese brands such as Oppo, Vivo and Xiaomi.
Consolidated revenue of the Mobile eXperience (MX) and Networks businesses reached $17.8 billion and operating profit was approximately $1.45 billion.
MX and Networks' profits in Q4 2024 are down from $1.9 billion in the same period in 2023.
For the full year 2024, Samsung recorded total revenue of $206 billion and operating profit of $22.47 billion.
Compared to 2023, revenue increased by 16.2%, becoming the second highest in Samsung's history, while profit increased nearly fivefold, equivalent to 498% growth.
In 2025, Samsung aims to improve profitability across multiple business segments. Among them, the Mobile eXperience segment will consolidate its leadership in mobile AI by providing more personalized and differentiated AI experiences and enhancing its foldable product lineup to create new customer needs.
The company plans to expand sales by offering advanced AI features and rich Galaxy ecosystem experiences across upcoming premium tablets, laptops, wearables, and XR devices.
In the semiconductor sector, Samsung intends to focus on developing key technologies to maintain competitiveness, while the company's display division, Samsung Display Corporation, seeks to strengthen its position in the high-end display panel market.
