Forecast Of The Day: Samsung’s Appliances Revenues
What?
Trefis expects Samsung’s (LSE:SMSN) appliances revenue to increase from around $16 billion in 2020 to $17.7 billion in 2021 and $18.2 billion in 2022.
Why?
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Although the home appliance operations have historically been a slow-growing business for Samsung, sales expanded considerably in 2020 driven by stay-at-home trends through the Covid-19 pandemic. We expect this trend to persist over the next year or so.
So What?
Samsung’s margins on its appliances are typically much lower than its flagship semiconductor operations (operating margins of around 10% versus over 50%). Considering this, it’s unlikely that appliance revenue growth will have a meaningful bottom-line impact for Samsung.
See Our Complete Analysis For Samsung
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