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Wednesday, 7 April 2021

Samsung sees soaring Q1 earnings driven by strong Galaxy S21 series

Samsung’s Q1 earnings forecast sees a reported total sales of KRW 65 trillion ($58.2 billion) fueled by strong sales of the flagship Galaxy S21 series and the home electronics appliances. The total operating profit jumped to KRW 9.3 trillion ($8.3 billion) which is up by 44% compared to the values for Q1 2020. The sales figures represent a 17% growth on a per-year basis. In addition, the mobile division is expected to rack in a combined KRW 4 trillion ($3.5 billion) in income while the TV and home appliances sector has served as a solid contributor. Keep in mind these are still...



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