Thanks to the S22 Ultra, but also lower-cost 5G phones, the Tab S8 family, and above all, memory chips, Samsung made a lot of money during Q1 2022.
In fact, the 77.78 trillion Korean won revenue and KRW 14.12 trillion operating profit posted in this January - March 2022 timeframe are almost perfectly in line with the tech giant's early April expectations, marking absolutely huge improvements from the 65.39 and 9.38 trillion won reported at the end of last year's first quarter.
What we were obviously very intrigued to see was the company's Q1 2022 financial performance detailed and broken down by division, with the MX business in particular capturing our attention on the heels of the Galaxy S22 family's late February release.'s most profitable department, with its KRW 3.82 trillion gains comparing rather unfavorably to the massive KRW 8.
That being said, the aforementioned 3.82 trillion won profit, which by the way equates to around 3 billion US dollars, represents a worrying and somewhat inexplicable decline from the KRW 4.39 trillion earned during Q1 2021 on the back of a lower divisional revenue score.
Interestingly,"mass-market 5G models" from the mid-range Galaxy A family and"tablets including the Galaxy Tab S8" are also highlighted as key contributors to the mobile division's profit hike , alongside"wearables." The ultra-high-end Tab S8 lineup can certainly be considered a surprise hit given its decidedly extravagant pricing structure and the modest mainstream success of Tab S7 and S6 models that were never mentioned by name in an earnings report like this one.
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