Samsung Electronics Co., Ltd. announced unaudited preliminary results on Thursday, revealing a staggering 208.2% year-on-year surge in its fourth-quarter operating profit to a record 20 trillion won (approximately $138 billion). This remarkable growth was fueled by supply constraints and an AI-driven demand explosion, which significantly boosted prices for traditional memory chips.
If confirmed, this would mark the first time in Samsung Electronics' history that its quarterly operating profit has exceeded the 20 trillion won threshold, shattering the previous record of 17.6 trillion won set in the third quarter of 2018.
Revenue for the fourth quarter also saw a substantial increase, rising 22.7% to 93 trillion won.
Samsung is scheduled to release its official, detailed fourth-quarter earnings report on January 29, which will include specific profit figures for each of its business divisions.
Comments