Sell your car stress-free. Peach Cars will handle all the paperwork and negotiations - Khusoko - East African Markets

COMPANY

Samsung Electronics’ Fourth Quarter 2021 Profit Climbs on Chip Prices

By David Indeje2022-01-09Updated:2022-01-091 Comment1 Min Read

Samsung AI: Transforming TVs, Appliances & Mobile

Samsung Electronics Co’s quarterly profit surged more than 50 per cent for the three months ended December.

This was attributed to chip prices stabilisation and sales of smartphones.

South Korea’s biggest company posted an operating income of 13.8 trillion won ($16 billion) during the financial reporting period.

Its revenue jumped 23 per cent higher to 76 trillion won.

Samsung will release detailed earnings on Jan. 27.

Samsung Electronics retained the top spot in the global smartphone market within the quarter of the year at 20 per cent in the July-September period, followed by Apple with 14 per cent and Xiaomi with 13 per cent.

realme Fastest-growing 5G Android in Q3: Report

Samsung Electronics

David Indeje

David Indeje serves as the community engagement editor at Khusoko, a digital platform covering East African business news. He manages editorial content, engages audiences, and amplifies diverse voices while consulting on digital strategy for brands in agriculture, governance, technology, and health. Indeje explores AI’s impact on journalism and works as a communications officer at KICTANet.