The global revenue made by Samsung Electronics between 2005 and 2021 has grown steadily. In 2021, Samsung Electronics recorded a revenue of around 279.6 trillion South Korean won (approximately 244.4 billion U.S. dollars).
Samsung Electronics and subsidiaries
Samsung was founded in 1938 and originally dealt with groceries as well as the production noodles. It quickly diversified into a variety of sectors including insurance and retail and became the present day corporation in 1947, after a joint investment in Samsung Mulsan Gongsa. The headquarters are found in Seoul, South Korea. There are several subsidiaries that account for the variety of enterprises that the Samsung Group undertakes including Samsung Life Insurance and Samsung Heavy Industries. Samsung Electronics is one of the largest subsidiaries of the Samsung Group, making much over half of the group’s revenue. Samsung Electronics is headquartered in Suwon, South Korea and has assembly plants and sales networks in 80 countries. Samsung Electronics generated majority of its revenue by region in North and South America in followed by Europe in 2021.
Major divisions
Samsung Electronics has four major divisions including digital media, semiconductor, telecommunication network, and LCD digital appliances. The company provides electronic components such as lithium-ion batteries and semiconductors to companies like Sony and Apple. Samsung is become especially known for some of its consumer products such as mobile devices as well as their home entertainment systems. Since 2002, the company has been one of the largest producers of LCD panels as well as one of the largest television manufacturers in the world. As of 2021, Samsung held 30.8 percent of the global TV market share. As of 2021, global mobile phone shipments totaled over 1.67 billion units; in that same period Samsung's smartphone shipments amounted to almost 70 million units.
Samsung Electronics' global revenue from 2005 to 2021
(in trillion South Korean won/billion U.S. dollars)
Up until 2010, the U.S. dollar values were calculated with the exchange rate from 31 December, 2011. 1 U.S. dollar = 1,153.3 South Korean won Annual Report 2011, page 53, Nr. 2.27).
The remaining amounts were taken from the respective annual reports. The U.S. dollar values for the years from 2011 were converted from South Korean won to U.S. dollars at the exchange rate of 1 KRW = 0.00093 U.S. dollars (March 31, 2018).
The 2018-2019 value was converted from South Korean won to U.S. dollars at the exchange rate of 1 KRW = 0.000895 U.S. dollars (December 31, 2018)
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Samsung. (February 16, 2022). Samsung Electronics' global revenue from 2005 to 2021 (in trillion South Korean won/billion U.S. dollars) [Graph]. In Statista. Retrieved August 18, 2022, from https://www.statista.com/statistics/236607/global-revenue-of-samsung-electronics-since-2005/
Samsung. "Samsung Electronics' global revenue from 2005 to 2021 (in trillion South Korean won/billion U.S. dollars)." Chart. February 16, 2022. Statista. Accessed August 18, 2022. https://www.statista.com/statistics/236607/global-revenue-of-samsung-electronics-since-2005/
Samsung. (2022). Samsung Electronics' global revenue from 2005 to 2021 (in trillion South Korean won/billion U.S. dollars). Statista. Statista Inc.. Accessed: August 18, 2022. https://www.statista.com/statistics/236607/global-revenue-of-samsung-electronics-since-2005/
Samsung. "Samsung Electronics' Global Revenue from 2005 to 2021 (in Trillion South Korean Won/Billion U.S. Dollars)." Statista, Statista Inc., 16 Feb 2022, https://www.statista.com/statistics/236607/global-revenue-of-samsung-electronics-since-2005/
Samsung, Samsung Electronics' global revenue from 2005 to 2021 (in trillion South Korean won/billion U.S. dollars) Statista, https://www.statista.com/statistics/236607/global-revenue-of-samsung-electronics-since-2005/ (last visited August 18, 2022)
