Samsung's 2024 Financial Report: Record Revenue, Profit Dip & AI Focus

Samsung's 2024: A Year of Strong Revenue, Shifting Profits Samsung just dropped their financial report for the last quarter of 2024 and the entire year. It's a mixed bag. While they've pulled in some serious revenue, profits have taken a bit of a dip. Let's break down what's happening at the tech giant. By the Numbers: 2024 in Review For the whole of 2024, revenue reached a record high of KRW 300.9 trillion, their second on record, just behind the one set in 2022. But operating profit went another way and landed at KRW 32.7 trillion. By the fourth quarter alone-which falls between October and December-revenue was KRW 75.8 trillion, with an operating profit of KRW 6.5 trillion. So, while they're still raking it in, the profit margin isn't quite what it used to be. Why the dip? Samsung points to softer market conditions, especially for IT products, and increased spending on things like research and development - which, in the long run, is probably a good thing. Se…