Samsung, a global leader in technology and innovation, has been revolutionizing the world with its cutting-edge devices and groundbreaking advancements. You all know that there are Samsung mobile phones and Smart TVs. But there are other businesses where Samsungs indulges and makes a good profit.
Many users do not know these other businesses and their profits. Even they are unaware of the exciting numbers and figures the Samsung company makes by selling these high-quality products.
From market share dominance to revenue milestones, let’s explore the incredible journey of Samsung and its impact on tech and other industries. In this article, we delve into the realm of Samsung statistics to uncover the staggering figures and fascinating insights behind the company’s success.
Basic Facts About Samsung:
Samsung is a multinational conglomerate headquartered in South Korea. It is one of the world’s largest chaebols, interested in various industries, including electronics, construction, shipbuilding, and insurance. Samsung is also the world’s largest smartphone manufacturer, with a market share of over 20%.
Samsung was established as a grocery trading store in 1938 by Lee Byung-Chull. However, in 1969, the company ventured into the field of electronics. Currently, Samsung is renowned for producing and selling highly desirable Android smartphones. Following the passing of Lee Byung-Chull in 1987, his son Lee Kun-Hee assumed leadership of Samsung.
Initially, Kun-Hee believed the company held a strong and dominant position within the South Korean market, but he felt it was not yet prepared to compete globally. Despite encountering challenges, Samsung gradually expanded into the international market during the 1990s.
The 2000s witnessed further growth for the company, particularly with the introduction of the Galaxy series smartphones, which propelled Samsung to become one of the leading providers in the industry.
Key Samsung Statistics:
Now that we have learned some basic things about Samsung’s company let’s delve into some key statistics.
- Samsung was founded in 1938 as a trading company.
- The company’s name is a combination of the Korean words “sam” (three) and “sung” (stars).
- Samsung has over 300,000 employees worldwide.
- The company’s headquarters are located in Seoul, South Korea.
- Samsung’s annual revenue is over $250 billion.
- Samsung is the world’s largest smartphone manufacturer.
- Samsung is the world’s largest TV manufacturer.
How Much Revenue Do Samsung Phones Make Each Year?
When we talk about smartphones, the number one company that comes to our mind is Samsung. The company has some great high-quality smartphone releases like the Samsung S22 series. Samsung also offers tablets and earphones. But do you know how much revenue Samsung phones make each year? Refer to the table below.
| Year | Sales (Million USD) |
| 2022 | 275.3 |
| 2021 | 272.3 |
| 2020 | 266.8 |
| 2019 | 295 |
| 2018 | 292.2 |
| 2017 | 317.7 |
| 2016 | 309.6 |
| 2015 | 321 |
| 2014 | 318.1 |
| 2013 | 316.4 |
| 2012 | 214.3 |
| 2011 | 94 |
| 2010 | 22.9 |
Samsung Statistics- A Glimpse Into The Global Market:
Samsung has consistently proven its prowess in the global market, earning a remarkable position among its competitors. Here are some astounding statistics that shed light on Samsung’s dominance:
- Samsung’s market share is an impressive 20% in the global smartphone industry. The company has successfully cemented its position as a frontrunner, leaving a lasting impact on the tech landscape.
- With a staggering 70% market share in the OLED display market, Samsung’s influence extends beyond smartphones. Its cutting-edge displays are widely used in televisions, tablets, and even wearable devices, redefining visual experiences for users worldwide.
- Samsung’s robust presence in the semiconductor market is undeniable. It accounts for approximately 23% of global semiconductor sales, solidifying its position as one of the leading players in this critical industry segment.
1. Samsung’s Smartphone Market Share:
Samsung is the world’s largest smartphone manufacturer, with a market share of over 27%. The company’s flagship smartphone line, the Galaxy S, is one of the most popular smartphone series in the world. The Galaxy S line includes the Galaxy S22, Galaxy S22+, and Galaxy S22 Ultra. Here’s a table of the market share of Samsung smartphones in the last 10 quarters.
| Quarter | Market Share(%) |
| Q1 2023 | 27.14 |
| Q4 2022 | 27.98 |
| Q3 2022 | 28.44 |
| Q2 2022 | 28.15 |
| Q1 2022 | 27.69 |
| Q4 2021 | 27.06 |
| Q3 2021 | 27.6 |
| Q2 2021 | 27.82 |
| Q1 2021 | 28.62 |
2. Revenue Milestones Of Samsung:
Samsung’s success story is not just limited to market dominance; its remarkable revenue growth further underscores it. Let’s take a closer look at some noteworthy revenue milestones:
- In 2022, Samsung achieved a staggering $194.85 billion in revenue, a significant increase from the previous year. This exponential growth is a testament to the company’s ability to meet the evolving needs of consumers and capture market demand effectively.
- Samsung’s mobile division contributed significantly to its revenue, generating $111.4 billion in 2022. This impressive figure highlights Samsung smartphones’ enduring popularity and consistent consumer appeal.
- The company’s semiconductor business also thrived, generating $81.7 billion in revenue in 2022. This segment’s growth can be attributed to the increasing demand for memory chips, crucial components in various technological devices.
Samsung Revenue Statistics:
Here are some astonishing facts and revenue statistics about Samsung.
- Samsung allocated a substantial amount of $22 billion towards research and development (R&D) efforts, aiming to sustain its dominant position in the smartphone industry. Notably, the company achieved an impressive revenue of $194 billion in 2022.
- Samsung’s influence extends across multiple geographical areas, with notable market shares in the UK (42%), Russia (32%), Latin America (36%), Canada (14%), China (7%), and the US (10%).
- Furthermore, in the third quarter of 2022, Samsung Electronics achieved a remarkable revenue of KAV 76.78 trillion, equivalent to approximately $58 billion. This places Samsung as one of the largest manufacturing companies, alongside Apple.
- Additionally, during the fourth quarter of 2022, Samsung Electronics’ mobile communications division, encompassing Android phones and wearable devices, generated $23.30 billion in revenue. This signifies a growth of $0.4 billion compared to the previous quarter.
Some Unknown Facts About Samsung:
Now that we have read some interesting numbers about Samsung, let’s now discuss some unknown facts about Samsung.
- Around 42% of Samsung Electronics’ workforce is situated in the Korean region.
- The resources of Samsung Group contribute to approximately 20% of Korea’s GDP.
- In Q4 2022, Samsung experienced a significant decline in operating profit, amounting to a decrease of 69%.
- Samsung maintains an astounding value of $335.37 billion, and the Samsung Electronics brand alone is valued at $87.7 billion.
- With a considerable market presence, Samsung commands a 27% global smartphone market share.
- Notably, North and South America account for the largest portion, with a combined share of 35% as Samsung’s primary consumer base.
- During the release of the Galaxy S3, Samsung achieved impressive sales of 500 phones per minute.
- The Galaxy Note series stands out as the most popular among Samsung users.
- Samsung Pay holds a 0.3% share of all in-store transactions.
- As of January 2023, Samsung boasts a market capitalization of $327.89 billion.
- Regarding brand value, Samsung’s evaluation reached $87.7 billion in 2022, showcasing a remarkable 17% growth compared to $74.6 billion in 2021. This achievement earned Samsung the fifth position for three consecutive years on Interbrand’s Best Global Brands of 2022 ranking.
- During the third quarter of 2022, Samsung shipped 64.3 million smartphones, surpassing Apple by 15 million units.
- In terms of market share, Samsung holds the majority, with a 27% share of smartphone shipments in 2022. Lastly, in 2020, the total number of active Samsung smartphone owners worldwide reached an impressive 992.4 million.
Samsung Smartphone Shipment Market Share Compared:
Samsung has the majority market share and competes with Apple. Here’s a list of all other smartphones’ market share compared to Samsung’s.
| Global Smartphone Shipments Market Share (%) | ||||||||
| Brands | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 |
| Samsung | 18% | 20% | 19% | 23% | 21% | 21% | 26% | 27% |
| Apple | 15% | 14% | 22% | 18% | 16% | 16% | 23% | 23% |
| Xiaomi | 16% | 13% | 12% | 12% | 13% | 13% | 11% | 10% |
| OPPO* | 10% | 11% | 9% | 9% | 10% | 10% | 10% | 8% |
| vivo | 10% | 10% | 8% | 8% | 9% | 9% | 8% | 7% |
| Others | 31% | 32% | 30% | 30% | 31% | 31% | 30% | 28% |
Samsung Reported the Highest Revenue Of KRW(Korean won) 279.6 Trillion In 2022:
When converted to American dollars, the figures above amount to a staggering $244.39 billion, representing an impressive 18.1% year-on-year increase. In Q4 2022, Samsung reported consolidated revenue of KRW 76.57 trillion, equivalent to approximately $62 billion. This achievement marked another record for the company, showcasing a significant 24% year-on-year growth.
Notably, the operating profit for the same year witnessed a spectacular increase of 43.5%, reaching KRW 51.63 trillion, just under $42 billion. The success of these figures can be primarily attributed to the finished product businesses, as well as strong sales in premium smartphones, including foldable phones, TVs, and home appliances.
Does Samsung Made Profit In 2022?
Samsung is having trouble right now because people aren’t buying as many gadgets as they used to. According to preliminary quarterly results on December 30, 2022, the business reported its biggest profit drop over a decade.
The decline in profit can be attributed to weak demand for memory chips, smartphones, and displays. Consumers are trying to reduce their spending due to rising inflation, which has impacted Samsung’s business. Consequently, the operating profit decreased by 69%, amounting to 4.3 trillion South Korean won (approximately 3.2 billion euros).
In a formal statement, Samsung said the fourth quarter’s profit was much lower than the market expected. The company said that the rise in interest rates by banks was the main reason for the poor performance.
In the previous year’s third quarter, there was already a significant drop of more than 31% in annualized operating profit. However, in the preceding quarters, Samsung had experienced substantial benefits from the strong demand for electronic devices and chips, which arose during the COVID-19 pandemic when many individuals were compelled to stay home.
Samsung Smartphone Manufacturing Locations By Country:
Nowadays, most Samsung smartphones are manufactured in Vietnam, where two factories in the Thai Nguyen province are crucial in supplying the North American and European markets. India is another significant manufacturing hub for the company, hosting its largest factory in the Noida Industrial Complex near New Delhi, Uttar Pradesh.
While Vietnam and India are key players in Samsung’s smartphone production, several other countries also contribute to meeting global demand. Let’s explore some of these manufacturing locations:
- India: The Noida plant can produce an impressive 120 million units annually, focusing on manufacturing popular models like the Galaxy M and Galaxy A series.
- South Korea: Although Samsung’s home country, South Korea, accounts for only 8% of the company’s smartphone production, the devices made there are predominantly sold within the local market.
- Brazil: Since 1999, Brazil has been a significant manufacturing base for Samsung, primarily catering to the Latin American market. Many phones produced in Brazil are tailored to meet the region’s specific needs.
- Indonesia: In Indonesia, a factory churns out approximately 800,000 smartphones each year, with a primary focus on catering to the local market.
- Turkey: Recognizing Turkey’s substantial 43% market share, Samsung has strategically moved to ramp up smartphone production in the country, aiming to meet the growing demand.
By strategically distributing production across various countries, Samsung ensures a global supply of its latest and most advanced cell phones, meeting the diverse needs of consumers worldwide.
How Many Employees Does Samsung Have Worldwide?
Samsung has over 3,00,000 employees worldwide as of March 2023. Most of Samsung’s employees are located in South Korea, with significant numbers also in China, the United States, and Europe. Samsung’s workforce is diverse, with employees from over 80 countries.
The company offers its employees various benefits, including competitive salaries, comprehensive health insurance, and generous vacation time. Samsung is committed to creating a positive work environment for its employees, and the company has been recognized for its workplace diversity and inclusion initiatives.
What Other Businesses Are Done By Samsung?
Samsung is a multinational conglomerate with a wide range of interests. In addition to its electronics business, Samsung also operates in the following industries:
- Construction
- Insurance
- Financial services
- Fashion
- Tourism
- Healthcare
- Education
- Sports
The electronics segment is the primary revenue generator of Samsung’s most substantial division. Renowned as the world’s leading smartphone manufacturer, Samsung boasts an extensive portfolio of electronic offerings, encompassing televisions, laptops, tablets, and memory chips.
Beyond electronics, Samsung’s diverse businesses significantly contribute to its revenue streams. The construction division holds a prominent position on the global stage, having successfully constructed iconic landmarks, including the Burj Khalifa in Dubai.
With its insurance division ranking among South Korea’s largest, Samsung provides a comprehensive range of insurance products catering to individuals and businesses. Additionally, Samsung’s financial services arm delivers an array of banking, investment, and insurance solutions across more than 80 countries.
As a major player across various industries, Samsung has attained remarkable success, underpinned by its robust brand reputation, commitment to innovation, and extensive global footprint.
Conclusion
That’s some of the most interesting Samsung statistics you should know in 2023. Samsung is an international company that runs many businesses, one of them being electronic devices, the primary revenue generator. So, how did you like the facts and Samsung statistics? Do let us know in the comment section below.
