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Hit a record high in revenue, Q1 of Samsung Electronics and LG Electronics

Under the "light" market in the first quarter of the new year, as well as the repeated global epidemic and raw material price fluctuations, two multinational leading enterprises, Samsung Electronics and LG Electronics, still achieved a "good start" in the first quarter, and what is more noteworthy is that the Q1 revenue of both companies broke through the record high.

Recently, Samsung Electronics announced the first quarter of 2022 performance report, Samsung Electronics' operating profit in the first quarter is expected to reach 14.1 trillion won (about 73.01 billion yuan), an increase of 1.66% from the previous quarter, compared with 9.38 trillion won (about 48.57 billion yuan) in the same period last year, an increase of 50.32%.

In terms of revenue, Samsung Electronics Q1 also hit a record high. According to the data, Samsung Electronics is expected to achieve revenue of 77 trillion won (equivalent to 398.706 billion yuan) in Q1 2022, an increase of 18% year-on-year.

Samsung Electronics said that the growth factor comes from the business demand for chips and mobile phones. At the same time, the profit of Q1 is also the highest level of profit for the same period since 2018.

Among them, the operating profit of Samsung Display is expected to be 1 trillion won (5.178 billion yuan).

LG Electronics is no less impressive. According to the performance report, LG Electronics preliminarily verified that the company's sales in the first quarter were 21.1091 trillion won (about 109.303 billion yuan), an increase of 18.5% year-on-year; operating profit was 1.8801 trillion won (about 9.735 billion yuan), an increase of 6.4% year-on-year. Operating profit and sales both set record highs in a single quarter.

Relevant analysis believes that LG Electronics launched the Objet series of home appliances, OLED TVs and other high-end products sales increased sharply, and temporary patent revenue drove the first quarter of performance growth.

Previously, on April 7, Samsung Home Appliances held a 2022 new product launch conference with the theme of "Technology, Art, home" to bring consumers new home appliances. Compared with 2021, Samsung in 2022 has upgraded and expanded the NeoQLED8K series of products.

Hit a record high in revenue, Q1 of Samsung Electronics and LG Electronics

Neo QLED 8K optical quality subpoint TV QN700B continues Samsung's quantum dot Mini LED backlight technology, and the brightness level of its backlight is upgraded from the original 12 bits to 14 bits, showing a higher level of detail; and QN700B uses "quantum dot matrix technology + adaptive optical path control" to adapt to different picture characteristics and adjust the backlight to better present the picture.

LG also announced the launch of the 2021 LG QNED MiniLED new TV in July last year, exclusively using quantum dots and one-nanometer display technology and mini LED as a light source, showing impeccable perfect brightness and contrast.

Hit a record high in revenue, Q1 of Samsung Electronics and LG Electronics

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