Samsung's mobile division is on the mend due to the market success of foldable phones and the company has big plans for 2022.
While that kind of operating profit is still a far cry from Apple's billions that come directly from iPhone sales, it's also a testament for Samsung's foldable phones strategy success and market acceptance, despite that spending on ads to popularize the nascent category weighed on the profit margins:
Looking ahead to the first quarter, demand for smartphones and tablets is forecast to decline quarter-on-quarter amid weak seasonality as well as uncertainties over component supply. However, the MX Business aims to secure solid profitability by expanding flagship sales such as Galaxy S21 FE and upcoming release of a new Galaxy S series.
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