But while the company’s operating profit is also on the rise year-on-year, from 12.57 trillion Korean won in Q2 2021 to KRW 14.1 trillion (10.8 billion US dollars) between April and June 2022, at least one pivotal division is not doing great from the always crucial profitability standpoint.
What’s going wrong?
This is, you’ve guessed it, the mobile (aka MX and Networks) business, which did manage to yield a more than decent 29.34 trillion won in consolidated revenue while posting a fairly modest gain of around $2 billion during this year’s second calendar quarter.
The S22 Ultra is a hit, according to multiple different sources.
Reserve the Galaxy Z Fold 4 and Z Flip 4 right now
Another challenging few months ahead
It looks like we’re officially entering a new chapter in the evolution of the mobile industry, and despite so many political and economic hurdles, Samsung is ready to keep making the big bucks off phones… in addition to memory chips and displays.
The Galaxy Z Flip 4 is expected to sell like hotcakes soon.
We’re talking a whopping KRW 9.98 trillion in the green, which roughly converts to 7.7 billion US bucks, improving the division’s already monumental profit scores of 6.93 and 8.45 trillion won posted back in Q2 2021 and Q1 2022 respectively.
But while server demand should remain solid through the end of the year as far as memory products are concerned, the PC and mobile market slumps could impact this business too, at least to a certain degree.
