Strong Galaxy S24 sales help surging Samsung profits in Q2 2024

Demand for Samsung smartphones declined in Q2 2024, the company revealed in its latest financial report. However, the Galaxy S24 series continued to see strong sales between April and June, achieving a double-digit growth YoY both in shipments and revenue (for Q2 and H1), compared with the Galaxy S23 lineup.

The full financial results showed a massive 1,458% increase in operating profit on a yearly basis due to surging demand for AI memory chips.

(all units in KRW / USD)
Q2 2024
Q1 2024
QoQ Change
Q2 2023
YoY Change

Mobile…