The global revenue made by Samsung Electronics between 2005 and 2023 has overall significantly grown. In 2024, Samsung Electronics recorded a revenue of over 300 trillion South Korean won, although only the second-highest recorded revenue for the Korean giant in the given period, but also the company's highest revenue reported in U.S. dollars with approximately 259 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 various 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 2024. 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 2024, Samsung held almost 30 percent of the global TV market share. In that same year, Samsung's smartphone shipments amounted to over 223 million units, ranking second globally behind only Apple.

As of the first quarter of 2025, Samsung Electronics’ mobile experience (MX) was its biggest revenue generator, bringing in approximately 26 billion U.S. dollars. Other key segments are the company’s mobile communications and display panel businesses which also contributed significantly to total revenue. Samsung Samsung, perhaps best known for its consumer electronics division, owns business ventures that span across a large range of industries. Controlling some of the top companies operating in every sector from electronics to insurances to shipbuilding, Samsung ranks among the largest conglomerates in the world in terms of market value. The company employs hundreds of thousands of workers and accounts for a significant portion of South Korea’s GDP, meaning that Samsung is massively influential within its home country. Mobile Communications segment The cornerstone of Samsung’s success is its mobile communications segment, which includes various lines of smartphones and wearables as well as the company’s library of application software such as Samsung Pay. The company’s Samsung Galaxy line is among the most popular in the world and contributes towards making Samsung one of the largest smartphone brands in the world in terms of worldwide shipments.

In the third quarter of 2024, Samsung Electronics recorded revenues of around 79 trillion South Korean won, which amounted to approximately 57 billion U.S. dollars. The South Korean tech giant’s digital experience segment accounted for almost 30 billion U.S. dollars of this figure, while its semiconductor business netted a further five billion. Consumer electronics Over the past few decades, mobile electronic devices have become an increasingly integral part of the daily lives of people across the globe, with consumer expenditures expected to exceed 730 billion U.S. dollars in 2024. As one of the world’s leading vendors of smartphones, televisions, tablets, wearables, and consumer electronics as a whole, Samsung is well positioned to take advantage of this trend. In addition to producing products to sell under the Samsung brand, the company also manufactures electronic components to be sold to other vendors, most notably displays and semiconductors. SamsungSamsung, perhaps best known for its consumer electronics division, owns business ventures that span across a large range of industries. Controlling some of the top companies operating in every sector from electronics to insurances to shipbuilding, Samsung ranks among the largest conglomerates in the world in terms of market value. The company employs hundreds of thousands of workers and accounts for a significant portion of South Korea’s GDP, meaning that Samsung is massively influential within its home country and throughout the world.

Samsung Electronics reported 55.65B in Sales Revenues for its fiscal quarter ending in March of 2025. Data for Samsung Electronics | SMSN - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last June in 2025.

Samsung Electronics achieves record Q1 revenue of 79.14 trillion won, fueled by strong smartphone sales, despite facing semiconductor challenges.

In 2023, Samsung Electronics recorded revenue of approximately 108.6 trillion South Korean won from its Mobile eXperience (MX) sector. Focusing on mobile devices such as the Galaxy smartphone series, the company's MX sector is part of the Device eXperience (DX) division of Samsung Electronics.

Samsung Electronics Australia is a Proprietary Company that generates the majority of its income from the Household Appliance Wholesaling industry.

Samsung Electronics sees record revenue in Q1 2025 due to strong smartphone sales, despite semiconductor challenges and US tariff concerns.

The sales revenue of Samsung Display stood at around 30 trillion South Korean won in 2023. This was a decrease compared to the previous year, which had recorded the highest figure during the surveyed period.

In 2024, the sales revenue of Samsung C&T Corporation (Construction & Trading Corporation) amounted to around 42 trillion South Korean won, a slight increase from the previous year. Samsung C&T Corporation was the 15th largest company in South Korea in 2021, according to the Fortune Global 500 ranking.

The net revenue of Samsung Eletrônica da Amazônia Ltda. increased overall between 2016 and 2023. In 2023, Samsung's subsidiary in Brazil reported net revenues of approximately 27.6 billion Brazilian reals, up from 18.3 billion reals in 2016, but decreased compared to the previous year.

In 2024, the sales revenue of Samsung Electronics amounted to over 202 billion U.S. dollars. Major Taiwanese multinational electronics manufacturer Hon Hai Precision, known as Foxconn, followed with sales of close to 192 billion U.S. dollars in 2024. Asia’s role in consumer electronics The consumer electronics industry has greatly advanced and evolved, eventually becoming an influential sector in the global market. The supply chains and globalization have played a vital role in the success of the consumer electronics industry. This is the case for the Asian consumer electronics companies and for the Western ones as well. For example, the success of smartphones as one of the most mass-marketed products ever has greatly benefited from cheaper labor and efficient supply chains in Asia. At the same time, consumer demand in the Western economies has played a crucial role in driving the industry forward. To illustrate, the success of Foxconn Technology Group's revenue, the world's largest contract electronics manufacturer, is partially attributable and intertwined with the success of Apple, and the ubiquity of Apple's products is concurrently attributed to Foxconn. Samsung’s multifaceted path Besides being a primary manufacturing hub for consumer electronics, countries such as Japan, South Korea, and China are at the forefront of cutting-edge technology and innovation. For instance, Samsung Electronics, a South Korean conglomerate, is the second-largest company based on sales of consumer electronics worldwide. Samsung also holds the largest smartphone market share globally and was a market leader in the global semiconductor industry, with nearly 10 percent of the worldwide semiconductor market revenue share in 2022. Semiconductors are at the very heart of electronics produced today. With the recent semiconductor shortages caused by the pandemic, it became clear that having direct control over their production, as in the case of Samsung, could be a competitive advantage.

In 2024, Samsung Electronics' display panel business recorded revenue of around 29 trillion South Korean won. The South Korean conglomerate company was one of the global leaders in the production of display panels, although its revenue from this business segment had decreased compared to the previous year.

The Latin American consumer electronics market, encompassing smartphones, tablets, PCs, household appliances, and televisions, is experiencing robust growth. Driven by increasing disposable incomes, expanding internet penetration, and a growing preference for smart technology, the market size in 2025 is estimated at $XX million (the provided value is missing, so a reasonable estimate based on similar markets and growth projections would be needed here – for example, if a similar market is valued at $YYY million and given the Latin American market characteristics, an estimated value of $XXX million could be logically derived). A compound annual growth rate (CAGR) of 8.40% from 2025 to 2033 projects significant expansion, indicating a substantial increase in demand for both electronic devices and household appliances across the region. Key growth drivers include the rising adoption of e-commerce, government initiatives promoting digitalization, and the increasing popularity of streaming services, fueling demand for larger screen sizes and improved connectivity features. While challenges like economic instability in some countries and varying levels of technological infrastructure across the region exist, these are being countered by the increasing affordability of electronics and the ongoing development of localized distribution networks. The market segmentation reveals a significant share attributed to electronic devices, especially smartphones and smart televisions, which are increasingly becoming essential for communication, entertainment, and information access. The online sales channel is steadily gaining traction, mirroring global trends. Major players like Samsung, Apple, LG, and local brands, are vying for market share, engaging in competitive pricing strategies and product innovation to cater to the diverse needs and preferences of Latin American consumers. The forecast period (2025-2033) suggests the continued dominance of established brands along with the emergence of new competitors offering budget-friendly yet functional electronics. The continued growth is largely dependent on economic stability and improvements in infrastructure, particularly internet access, in the more rural areas of the region. Specific regional performance within Latin America will vary, with countries like Brazil and Mexico expected to be key growth drivers due to their larger populations and more developed economies. Recent developments include: March 2022 - Midea Carrier built an appliance factory in the southern Minas Gerais city of Pouso Alegre. This will be Midea's third plant in the country, and it is expected to create 500 direct jobs in the region. In Manaus (AM), the company already manufactures air conditioning and microwave appliances, as well as commercial air conditioning systems in Canoas (RS). The Pouso Alegre plant will primarily manufacture brand coolers. The manufacturer expects the new plant to generate up to R$ 700 million in revenue., June 2021: Samsung Electronics introduced the One UI Watch user interface at Mobile World Congress (MWC). The new interface aims to connect the Galaxy Watch and smartphone more closely. Samsung has also confirmed the availability of the One UI Watch for the Galaxy Watch on a new unified platform created in collaboration with Google., June 2021: Huawei announced the Huawei Watch 3 series, which includes the Huawei Watch 3 and Huawei Watch 3 Pro, two smartwatches that run HarmonyOS 2, bringing customers easy and smart experiences with interconnectivity and enhanced interaction. It also has a high-precision temperature sensor for measuring skin temperature.. Key drivers for this market are: Increased access to the Internet, Growing inclination towards using smart appliances and devices. Potential restraints include: Increased access to the Internet, Growing inclination towards using smart appliances and devices. Notable trends are: Increasing smart device penetration in Latin America.

Introduction

Samsung vs. Apple Smartphone Statistics: ​In 2024, Apple and Samsung continued to dominate the global smartphone market, accounting for over 50% of the worldwide market share. Apple led with a 28.38% share, while Samsung held 22.82%. In the United States, Apple's dominance was more pronounced, capturing 57.39% of the market compared to Samsung's 23.27%.

Apple shipped approximately 232.1 million iPhones globally, surpassing Samsung's 223.4 million units. Despite a 2% decline in iPhone sales, Apple maintained a significant lead in revenue, contributing to 46% of global smartphone revenues.

Customer satisfaction remained high for both brands, with each scoring 82 out of 100 in the American Customer Satisfaction Index. Apple's retention rate stood at 92%, while Samsung's was 77%.

The global smartphone market experienced a 5% year-over-year revenue growth in 2024, with the average selling price reaching USD 356. Apple's expansion into emerging markets, such as India and Southeast Asia, contributed to its sustained leadership.

The global smartphone market, valued at $1.51 trillion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 4.10% from 2025 to 2033. This growth is fueled by several key factors. The ongoing development and adoption of 5G technology are driving demand for higher-performance devices, while advancements in camera technology, processing power, and battery life continue to attract consumers. Furthermore, the increasing affordability of smartphones in developing economies is expanding the market's reach. The market is segmented by operating system, with Android and iOS dominating, and by region, with North America, Europe, and China representing significant market shares. Intense competition among major players like Samsung, Apple, Xiaomi, and others, leads to continuous innovation and price wars, impacting profitability but maintaining market dynamism. The increasing integration of smartphones into daily life, from communication and entertainment to finance and healthcare, is also a significant driver of market expansion. However, challenges remain, such as concerns regarding data privacy and security, supply chain disruptions, and the potential for market saturation in mature economies. Despite the projected growth, several restraining factors influence the smartphone market's trajectory. The lengthening replacement cycles for smartphones, as devices become increasingly durable, contribute to slower growth. Furthermore, the rising prices of premium smartphones might limit affordability for a considerable segment of consumers. The increasing prevalence of used smartphone markets also impacts new device sales. Technological innovation, while a driver, also presents challenges as companies strive to stay ahead of the curve. Competition requires continuous investment in research and development, potentially impacting profitability. Regional variations in economic growth and consumer spending power will also influence market performance across different geographical areas. Successfully navigating these challenges requires manufacturers to focus on innovative features, competitive pricing strategies, and strong brand recognition to maintain market share. Recent developments include: • October 2023: MediaTek announced a Strategic Partnership with Vivo to strengthen its smartphone AI capabilities. This collaboration will focus on developing and implementing AI models at an unprecedented scale, which will transform the user experience of Vivo devices. One of the key highlights of this collaboration is the deployment of 1B and 7B AI big language models and a 1B AI vision big model directly on the terminal side (On-device Generative AI)., • June 2023: Qualcomm Technologies Inc. announced the extension of its collaboration with the Snapdragon platform, which will power Sony's next generation of smartphones. The companies have agreed to cooperate in the next generation of premium, high-end, and mid-range smartphones. To provide users with improved functionality, better performance, and more immersive user experiences, this joint effort will focus on integrating Qualcomm Technologies' advanced Snapdragon mobile platforms into Sony smartphones in the future., . Key drivers for this market are: Launch of 5G Devices, Services, and Technologies, Increasing Demand in the Emerging Markets. Potential restraints include: Launch of 5G Devices, Services, and Technologies, Increasing Demand in the Emerging Markets. Notable trends are: Android Operating System is Expected to Grow Significantly.

In the financial year 2024, the total revenue of Samsung India has reached ******* billion Indian rupees. It was the first time the revenue crossed one trillion rupees mark. Most of the revenue came from the smartphone segment. Samsung is the leading company in various segments in India, including smartphones, TVs, refrigerators, etc.

In 2024, semiconductor sales were expected to reach 626.87 billion U.S. dollars worldwide. Forecasts for 2025 suggest the market will grow by 11.2 percent to 697.18 billion U.S. dollars. Semiconductor market Semiconductors are an important component of many commonly used electronic devices including smartphones, tablets, and PCs. Notable semiconductor chip makers include Intel and Samsung Electronics, with Intel generating 48.7 billion U.S. dollars and Samsung generating 39.9 billion U.S. dollars in semiconductor revenue in 2023, placing them among the largest companies in terms of semiconductor industry revenues. Market opportunities Smartphones are expected to command a significant part of the semiconductor market going forward, especially as these devices become more advanced and able to support technologies such as augmented reality, virtual reality, 5G, and artificial intelligence. ​Semiconductors for use in servers and data centers are set to become an even more important opportunity, with semiconductor innovation required to support cloud data centers and the rise in edge computing.

The global mobile phone market, valued at $543.18 million in 2025, is projected to experience robust growth, driven by several key factors. The increasing penetration of smartphones in developing economies, coupled with continuous technological advancements like foldable screens, 5G connectivity, and enhanced camera capabilities, fuels significant demand. Consumers are increasingly drawn to premium features and improved user experiences, pushing the market towards higher-priced devices. While the market segments of smartphones and dumbphones continue to coexist, the smartphone segment undeniably dominates, accounting for a substantial majority of market share. Growth is further supported by the increasing integration of mobile devices into various aspects of daily life, such as entertainment, communication, and commerce. This trend is particularly pronounced in the Asia-Pacific region, driven by the burgeoning economies of China and India. However, market saturation in developed regions like North America and Europe presents a significant restraint. Furthermore, the fluctuating prices of essential components and geopolitical uncertainties impact the overall market stability. The competitive landscape is dominated by established players like Samsung, Apple, and Xiaomi, constantly innovating to maintain their market positions. Nevertheless, emerging brands are also making significant inroads, particularly in price-sensitive markets. The forecast period (2025-2033) anticipates a continued, albeit slightly moderated, growth trajectory. The 7.7% CAGR suggests a substantial market expansion. Online sales channels are witnessing exponential growth, leveraging the ease and convenience of e-commerce platforms. However, offline sales remain a crucial distribution channel, especially in regions with limited internet penetration. Regional variations in market dynamics are expected; developing economies will experience faster growth rates compared to saturated markets. Therefore, strategic investments in research and development, focusing on innovative features and affordable pricing models, will be critical for companies seeking success in this dynamic and competitive environment. Understanding regional preferences and adapting product offerings accordingly will be vital for maximizing market penetration and revenue generation.