The excellent sales of the Galaxy S22 line allowed Samsung Electronics to set a new record. The company reported for the second quarter
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The excellent sales of the Galaxy S22 line allowed Samsung Electronics to set a new record. The company reported for the second quarter

Samsung Electronics published its second quarter fiscal year 2022 results report. This quarter was a huge success for the company.

The company’s reported revenue was 59.2 Billion dollars. This is 21% more than the previous year. This is Samsung’s second quarter record revenue. Operating profit rose by 12% to $10.8 million

Samsung has done well over the past few years. However, this quarter was different than many others. While revenue growth in Samsung’s semiconductor segment was higher than it was previously, the MX division (Mobile eXperience), saw a rise in sales of the latest generation flagship smartphones. The Galaxy S22 line is doing much better than last. The result was that the revenue of this division grew by 31%. This is the highest growth rate among all divisions.

The semiconductor division saw the greatest profit growth, with sales increasing by over 40%.

 

The excellent sales of the Galaxy S22 line allowed Samsung Electronics to set a new record. The company reported for the second quarter
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