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Samsung posts strong Q1 results thanks to solid sales of smartphones

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SAMSUNG POSTS STRONG Q1 RESULTS THANKS TO SOLID SALES OF SMARTPHONES

Samsung has posted its particular monetary file for Q1 2021, and the numbers appear great. The Korean organization mentioned record-breaking income of KRW65.39 trillion (about $59 billion), typically thanks to solid sales of smartphones and patron electronics, making up for groups like semiconductors and displays.

Q1 2021 Q4 2020 QoQ Change Q1 2020 YoY Change
Sales (in KRW / USD) 65.39 tr / 59B 61.55 tr / 55.57B 6% 55.33 tr / 49.95B 18%
Profit (in KRW / USD) 9.38 tr / 8.46B 9.05 tr / 8.17B 3.6% 6.45 tr / 5.82B 45%

The numbers may be a bit skewed due to the evaluation with Q1 2020 when the coronavirus swept the world and amazed each markets and consumers. Now Samsung is assured stipulations will improve, and issue commercial enterprise will be higher in the 2nd half of of the year.

Speaking about the Mobile Communications Business, the file printed income of flagships and mass-market devices, as properly as tablets, PCs, and wearables, maintained stable performance, backed by means of the 5G growth throughout the globe.

However, income and income will minimize in the subsequent quarter, the one ending in June. Samsung referred to it is succesful of offering shows and memory chips, however due to the bottleneck in manufacturing SoC, income will be down, affecting all the distributors involved.

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