Samsung recently released its outlook for the first quarter of 2024, and the data is encouraging. It is expected that from January to March, its revenue will achieve a year-on-year increase of 11.4%, with a total of nearly 71 trillion won, equivalent to about 380.6 billion yuan. Operating profit is expected to soar to 6.6 trillion won, up 931% year-on-year.
This outstanding performance is attributed to the soaring price of memory and the hot sales of the S24 series. However, after in-depth analysis, it is not difficult to find that the core driving force that really drives performance growth is the rise in memory prices. As the leader of the global memory chip market, Samsung occupies a significant market share, and the ups and downs of its performance are closely related to the fluctuations of the entire industry.
Last year, the global memory chip market encountered a cold winter, and Samsung was not spared, suffering heavy losses. However, this year, with the recovery of memory chip prices, Samsung's performance has also ushered in spring. Especially in the first quarter, the price of memory chips increased significantly, which brought huge profits to Samsung.
Looking to the future, the agency predicts that the price of memory chips still has a lot of room to rise, which undoubtedly provides strong support for Samsung's continuous performance growth. The huge amount of money lost last year is expected to be made up for in the good market environment this year. The cyclical nature of the chip industry allows Samsung to enjoy the current boom while also being well prepared for the challenges ahead.
In short, with its deep accumulation and keen insight in the field of memory chips, Samsung has successfully seized market opportunities and achieved strong growth in performance. In the future, with the continuous development of the industry, Samsung is expected to continue to maintain its leading position and write a more brilliant chapter.