Samsung posts record Q1 revenue on 'solid' Galaxy S21 sales

Samsung posts record Q1 revenue on 'solid' Galaxy S21 sales


Samsung has posted its financial results for the first quarter of 2021.
Its operating profit jumped 45.5% YoY to KRW 9.38 trillion ($8.5 billion), while consolidated revenue increased 18.2% YoY to KRW 65.4 trillion ($59 billion).
Samsung says its mobile profitability strengthened further in Q1 2021, led by strong sales of flagship Galaxy S21 series and mass-market Galaxy A-series phones.
Samsung today posted its earnings report for the first quarter of 2021. The company saw an 18.2% increase in revenue over Q1 2020 to KRW 65.4 trillion ($59 billion), while operating profit was 45.5% higher at KRW 9.38 trillion ($8.5 billion).
Samsung says "solid sales of smartphones and consumer electronics" outweighed lower earnings from its semiconductor and display business units. The IT & Mobile Communications Division posted KRW 29.21 trillion ($26.3 billion) in revenue and KRW 4.39 trillion ($3.9 billion) in operating profit during the January to March period.

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