Samsung expects $8.3B in Q1 earnings on strong mobile biz :

Samsung expects $8.3B in Q1 earnings on strong mobile biz


Samsung expects $8.3B in Q1 earnings on strong mobile biz
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IANS
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Samsung Galaxy Note10 and Note10+. . Image Source: IANS News
Seoul, April 7 : Samsung Electronics on Wednesday expected a market forecast-beating earnings for the first quarter of 2021, estimating its operating profit at $8.3 billion for the first three months of the year, up 44.2 per cent from a year ago.
The forecast came as its mobile business fared well, offsetting a relatively tepid performance from the semiconductor business.
On a quarterly basis, Samsung's first-quarter operating income was up 2.8 per cent from the last quarter of 2020, and the sales estimate was up 5.6 percent from the previous quarter.

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