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Samsung report published for the first quarter of 2021

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Samsung Electronics has published a report for the first quarter of this year. The reporting period brought the South Korean giant about $ 59 billion in revenue. This figure is 6% more than in the previous quarter and is a record for the first quarter of the year. Operating income was approximately $ 8.5 billion, up 4% quarter-on-quarter.

The report’s authors note that the success of the smartphone and consumer electronics divisions has offset the decline in the display and semiconductor divisions.

For the latter, production was negatively impacted by outages at a facility located in Austin, Texas. As we reported earlier, unfavorable weather conditions disrupted the operation of the power grid, and the state authorities ordered large companies, including Samsung, to stop production. In addition, lower prices for NAND flash memory have had an impact. The Display Division experienced a seasonal decline in mobile display demand.

At the same time, smartphone profits have increased. The contribution of flagship and mid-range models was especially significant. The unit producing network equipment did not hit the face in the dirt either. His success in the company is attributed to the growing deployment of 5G networks.

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