Samsung Electronics: global revenue 2005-2023

The global revenue made by Samsung Electronics between 2005 and 2023 has overall grown. In 2023, Samsung Electronics recorded a revenue of around 259 trillion South Korean won (approximately 194 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 most of its revenue in the Americas and Europe in 2022.

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 2022, Samsung held almost 30 percent of the global TV market share. As of 2023, global mobile phone shipments were forecast to total over one billion units; in that same year Samsung's smartphone shipments amounted to over 226 million units.