The electronics giant reported a 45% increase in operating profit due to a rebound in mobile units.Samsung benefited from a rebound in mobile units and continued demand for home appliances during the pandemic, offsetting lower revenues in its semiconductor business.The Korean electronics giant said on Wednesday that overall operating profit for the three months ended March 31 rose 45 percent to 9.38 trillion won ($ 8.45 billion), sales in the mobile business added. It rose 13% year over year to 28.2 trillion won after it reported a slowdown in the unit in the fourth quarter of 11%.The company credits the sales of its flagship Galaxy S21 with an increase in the performance of the unit. But revenue and profit are expected to decline due to falling smartphone sales and a shortage of some components.Samsung's results, as well as rival Apple, reported a 65% increase in iPhone sales during the quarter. say The company also reported first-quarter revenue of 65.4 trillion won, an 18 percent increase from last year's quarter.
The company's electronics division, which is responsible for slotxo TV sales, rose 26 percent to 12.99 trillion won.Samsung reported strong TV sales during the quarter. But demand is expected to drop in the second half as the epidemic subsides and people resume outdoor activities.Samsung is best known as the world's largest phone and TV maker. But it sells more memory chips than any other company in the world.However, as the department reported sales of 19.01 trillion won, an increase of 7%, revenue fell 15% to 3.37 trillion won.The company expects strong server demand to stimulate. Semiconductor market in the second half of the year When COVID-19 first started spreading last year, concerns about illness slowed down phone purchases significantly as people around the world decided they had good enough. Demand has finally recovered as new 5G phones hit the market, and Samsung benefited from consumer demand for work-from-home products.But Samsung, other tech giants, and even automakers are battling parts shortages that limit their ability to release products. Supply may not keep up with demand until late 2021, an incoming Qualcomm CEO told CNET last month,
Samsung may have been hit by the inability to get the components. But it is still a major supplier of displays and processors, and could be fueled by higher prices for the product.To attract more price-conscious buyers, in January, Samsung slashed the initial cost for the Galaxy S21 device by $ 200 to $ 800 from last year's S20 family, partly because of lower component costs and in part to pick up. Know the truth that the world is battling a pandemic.The Galaxy A series launched in March and went on sale in the US in April, lowering the price of Samsung and making the South Korean giant one of the cheapest 5G phones. In the United States for $ 280 A32 Samsung's bigger push with its A Series and affordable flagship models over the past two years reflects the fact that we all live in, the phone design hasn't changed much. Each year and consumers are keeping their eyes on the device. Approximately three years longer in the US compared to two years ago. Samsung, meanwhile, has struggled to compete with Apple's newest 5G iPhones,
and the new coronavirus outbreak has hurt millions of people financially. While the high-end specs and state-of-the-art features are good for spotlight and trend. But people are still interested in what they spend on their phones, especially now.In January, Samsung warned that company-wide profits would plummet as a stronger Korean won hurt its memory chip business.Samsung at the time was expected to suffer from line-related costs. Newly produced for processors, despite demand for memory chips in mobile devices and a "solid" data center, it said the Galaxy S21 lineup and A series phones should increase results. Meanwhile, Huawei, the world's top smartphone vendor for a quarter, has begun to disappear from the mobile market due to a ban in the United States. Samsung has seen an opportunity to woo old Huawei customers.In addition to attracting buyers to new phones, Samsung has also benefited from demand for components, televisions, computers and other products needed to work from home. Galaxy Book Pro and Galaxy Book Pro 360, both 13-inch and 15-inch models Galaxy Book Pro 360 13-inch has 5G connectivity and all of them support Wi-Fi 6E.
Samsung, one of the world's largest smartphone brand, in the largest global smartphone market. This is more than other companies like Apple and Huawei. Also you can check help with political science dissertation and get to manage their assignment work. Samsung's success with Android was too great. And I am a lover of samsung phones.
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