Samsung Full-Years Report 2024

The Company in 2023 recorded a total revenue of KRW 258,935.5 billion, a decrease of 14.3% year-on-year. Major customers (listed in alphabetical order) included Apple, Best Buy, Deutsche Telekom, Qualcomm, and Verizon.

Revenue

SEC is involved in the production and sales of finished products, including TVs, refrigerators, washers, air conditioners, smartphones, and components such as semiconductors (e.g., DRAM, NAND flash, mobile APs) and mobile OLED panels. Through Harman, the Company also produces and sells digital cockpits, car audio products, portable speakers, and more. In 2023, reported revenue was KRW 169,992.3 billion (65.7% of total net sales) for DX; KRW 66,594.5 billion (25.7%) for DS; KRW 30,975.4 billion (12.0%) for SDC; and KRW 14,388.5 billion (5.6%) for Harman

Changes in average selling price

In 2023, the average selling price (ASP) of TVs decreased by approximately 3% and the ASP of smartphones increased by around 6%. Memory-product ASP fell by approximately 45%, OLED panels for smartphones ASP increased by approximately 2%, and the ASP of digital cockpits increased by approximately 1%.

Key production materials

For the DX Division, key materials include mobile AP solutions and camera modules, which are supplied by Qualcomm, Semco, etc., and display panels for TVs and monitors, which are supplied by CSOT, etc. For the DS Division, key materials include chemicals and wafers, supplied by Soulbrain, SK Siltron, etc., and for SDC, key materials include FPCAs and cover glass, with suppliers such as BH, Apple, etc. For Harman, key materials include system-on-chip (SoC) products, including microcontroller units, communication modules, etc., which are supplied by Nvidia and WNC, etc.