Samsung shared its 2024 second quarter financial activity report. The company, which announced its profits in both the first and second quarters of 2024, earned many times more than the second quarter of 2023. Here is the profit Samsung expects to make in the first half of 2024.

Samsung reports $53.5 billion in sales in the second quarter of 2024!

2023 was a difficult year for all companies. Brands that have been dealing with the chip crisis for a long time have gone backwards in terms of both sales and profits. However, Samsung recovered this situation considerably in 2024 with the support of artificial intelligence.

Sharing its estimated profit expectation for the second quarter of 2024 today, Samsung appears to have made sales worth $53.5 billion in the second quarter of 2024. With sales worth $52.06 billion in the first quarter of 2024, the company apparently increased sales by 2.9 percent. Operating profit increased by 57 percent from $4.78 billion to $7.53 billion.

The company, which showed a 23 percent increase in sales compared to the second quarter of 2023, recorded sales of $46 billion in the first quarter of 2023. He reported that the operating profit was 455 million dollars. Now this value has increased by 1633 percent.

The first reason why the increase is so large is, of course, the chip crisis. As of 2024, companies that got rid of this problem also saw a significant increase in their sales figures. Of course, although Samsung, which has managed to increase its profit rate with the support of artificial intelligence, shares predictive data with us for now, the exact figures will be available on July 24. Let’s see if Samsung will generate more revenue than it expects.