Samsung has reported its earnings for Q1 2021 that ended March 31, 2021 in which the company has made an operating profit of 9.38 trillion won, up 40.3% YoY. This is due to solid sales of smartphones and consumer electronics that outweighed lower earnings from semiconductors and displays. It posted 65.39 trillion won consolidated revenue, up 18.18% YoY. Continue reading “Samsung’s Q1 2021 profits up 40.3% YoY, mobile profits up 65.6% YoY due to strong sales of Galaxy S21 series”
Korean giants Samsung and LG have reported earnings guidance for the first quarter of 2021. Both the companies have reported an increase in profits for the quarter. Even though LG had announced the closure of its mobile business from July 31st, the company’s preliminary earnings results for the previous quarter reveals the highest quarterly revenue and operating profit in the company’s history. Continue reading “Earnings Guidance Q1 2021: Best-ever quarterly revenue and operating profit for LG; 44.2% YoY profit increase for Samsung”
