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Samsung Reported 2Q22

As expected, Samsung published its financial report for the second quarter of this year. According to it, consolidated sales from April to June 2022 were 77 trillion won (about $59.2 billion) and consolidated operating income was 14 trillion won (about $10.76 billion).

 Forecast for Q2 2022 KRW/USD1Q 2022 Results KRW/USDResults for Q2 2021 KRW/USD
SalesKRW 77 trillion / US$59.2 billionKRW 77.78 trillion / US$59.77 billionKRW 63.67 trillion / US$48.93 billion
operating incomeKRW 14 trillion / US$10.76 billionKRW 14.12 trillion / US$10.85 billionKRW 12.57 trillion / US$9.66 billion

The numbers are slightly lower than the previous quarter, but significantly higher year-on-year. Compared to the second quarter of 2021, Samsung sales increased by 22% and operating profit increased by 12%.

Going forward, Samsung will try to strengthen its position in the premium smartphone market, as well as in the processor segment. The company will publish a full breakdown of financial results at the end of July, then it will be clear what the growth is connected with.

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