Samsung Electronics' first-quarter sales reached KRW 65 trillion, up 18% year-over-year.
Published2021.04.07 10:58
Operating profit reached KRW 9 trillion, up 44% year-on-year, marking the highest first-quarter performance.
Despite the semiconductor off-season, home appliances and mobile devices drive performance.
Samsung Electronics' first-quarter 2021 earnings report, despite the semiconductor industry's off-season, saw its home appliances and mobile devices drive performance growth, recording its highest first-quarter earnings ever.
Samsung Electronics announced its preliminary earnings for the first quarter of 2021 on the 7th. Based on consolidated financial statements, first-quarter sales reached 65 trillion won, a 17.5% increase year-over-year, and operating profit reached 9 trillion won, a 44.2% increase year-over-year.
Samsung Electronics' performance this quarter is said to be its best in the first quarter and exceed industry expectations.
In particular, despite the semiconductor off-season and the shutdown of Samsung Electronics' Austin, Texas, plant, the performance is believed to have increased due to increased sales of home appliances and mobile devices caused by COVID-19.
Experts predicted that semiconductors would drive performance starting in the second quarter, and that Samsung Electronics' operating profit would exceed 49 trillion won this year.
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