[Concall] Samsung Electronics "Expecting Double-Digit Sales Growth with Galaxy S24"

Samsung Electronics stated during the conference call following the announcement of its Q4 results on the 31st, "This year, the smartphone market is expected to grow by the mid-single digits in value compared to the previous year, driven by premium devices leading overall market growth, and their share will continue to expand." They added, "In particular, the premium segment is expected to account for around 40% of the market share." They also said, "Through the Galaxy S24 series, we will deliver a new mobile experience with Galaxy AI and expect double-digit sales growth within the premium segment."

Samsung Electronics announced that its provisional consolidated operating profit for last year was 6.54 trillion KRW, and sales amounted to 258.16 trillion KRW. Operating profit decreased by 84.92% and sales decreased by 4.91% compared to the same period last year. The photo shows Samsung Electronics Seocho Building in Seocho-gu, Seoul, on the 9th. Photo by Jinhyung Kang aymsdream@

Regarding this year's business goals, Samsung Electronics explained, "By connecting AI and Galaxy, we will imprint on consumers that AI phones are Galaxy, dominate the early AI smartphone market, improve usability of foldables, and continuously enhance product competitiveness by leveraging the form factor." They added, "Through this, we aim to increase shipments and sales in 2024 and solidify our leadership."

Meanwhile, Samsung Electronics announced that Q4 smartphone sales reached 53 million units, and tablet PC sales were 7 million units. They also reported that the average selling price (ASP) of smartphones in that quarter was $258. The company explained, "In Q1 this year, smartphone shipments and ASP are expected to rise," while "tablet sales are likely to decline."

This content was produced with the assistance of AI translation services.