Samsung Electronics’ Fourth Quarter 2021 Profit Climbs on Chip Prices

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.