South Korean company Samsung reported a revenue record breaking fourth quarter and annual figures. The tech company made $76.57 billion for the last quarter and $232.4 billion in revenue for the 2021 financial year.

This shows that that’s its revenue grew 24% year-on-year, the products fueling this growth were its TVs, flagship smartphones and appliances. Despite the current global chip shortage, its semiconductor arm grew 52% year on year.

Samsung is the global leader for screen panels production, it currently champions the OLED panel space. The company is forecasting an immersed growth for its business due to its foldable panels, quantum-dot OLED TV panels and its cheaper QD-OLED panels.

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Interestingly, its Mobile business also grew with sales from its flagship Fold 3 and Flip 3 galaxy smartphones. The tech firm forecasts that ist tablets, new flagship phones and wearables will fuel more growth for the 2022 financial year.

The company recently announced a February 9th Unpacked event, where it supposedly launch its Galaxy S22 smartphones. Its recent teaser video and statement from President TM Roh points to borrowing loads of the Galaxy Note line features to the new S Galaxy phones.

As usual, the current supply chain and global chip shortage would create some challenges for the South Korean company. However, the tech company says it would be focusing on its flagship smartphones, premium and lifestyle products to maintain supply and sales.

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