Samsung’s mobile division saw a significant increase in revenue in the first quarter of 2021, with sales reaching KRW 29.21 trillion ($26.3 billion). This represents a YoY increase of 34.8%. The company attributed this growth to strong sales of its flagship Galaxy S21 series and improved sales of mid-range and low-end smartphones.
According to Samsung, the Galaxy S21 series has been well-received by consumers, with sales exceeding those of its predecessor, the Galaxy S20 series. The company also reported strong sales of its mid-range smartphones, such as the Galaxy A series, which offer premium features at a lower price point.
In addition to strong sales, Samsung’s mobile division also saw an increase in profitability. The division’s operating profit for the first quarter of 2021 was KRW 4.39 trillion ($3.9 billion), up from KRW 2.65 trillion ($2.4 billion) in the same period last year.
Body Section 2: Semiconductor Division Performance
Samsung’s semiconductor division also had a strong performance in the first quarter of 2021, with revenue reaching KRW 19.01 trillion ($17.1 billion), up 26.4% YoY. The division’s operating profit was KRW 3.37 trillion ($3 billion), up 72.6% YoY.
The company attributed the strong performance of its semiconductor division to increased demand for memory chips, particularly DRAM and NAND flash. Samsung is one of the world’s largest producers of memory chips, and the increased demand for these chips has been driven by the growth of data centers and the rise of remote work and online learning.
In addition to memory chips, Samsung’s semiconductor division also produces logic chips, which are used in a variety of electronic devices, including smartphones and computers. The division’s logic chip business saw a YoY increase in revenue of 44%.
Body Section 3: Display Division Performance
Samsung’s display division saw a YoY increase in revenue of 11.8%, with sales reaching KRW 7.71 trillion ($6.9 billion). The division’s operating profit was KRW 0.9 trillion ($810 million), up from KRW 0.29 trillion ($260 million) in the same period last year.
The company attributed the growth of its display division to increased sales of OLED panels, which are used in smartphones and other electronic devices. Samsung is one of the world’s largest producers of OLED panels, and the company has been investing heavily in this technology in recent years.
In addition to OLED panels, Samsung’s display division also produces LCD panels, which are used in televisions and computer monitors. The division’s LCD business saw a YoY increase in revenue of 18%.
Body Section 4: Consumer Electronics Division Performance
Samsung’s consumer electronics division, which includes products such as televisions and home appliances, saw a YoY increase in revenue of 4.3%, with sales reaching KRW 9.46 trillion ($8.5 billion). The division’s operating profit was KRW 0.83 trillion ($750 million), up from KRW 0.61 trillion ($550 million) in the same period last year.
The company attributed the growth of its consumer electronics division to increased sales of premium televisions, such as its QLED and MicroLED models. Samsung has been investing heavily in these technologies in recent years, and the company’s efforts appear to be paying off.
In addition to televisions, Samsung’s consumer electronics division also produces home appliances, such as refrigerators and washing machines. The division’s home appliance business saw a YoY increase in revenue of 5%.
Conclusion:
Samsung’s financial report for the first quarter of 2021 showed a strong performance across all of its divisions. The company’s mobile division saw a significant increase in revenue, driven by strong sales of its flagship Galaxy S21 series and mid-range smartphones. Samsung’s semiconductor division also had a strong performance, with increased demand for memory chips driving growth. The company’s display division saw growth in sales of OLED panels, while its consumer electronics division saw increased sales of premium televisions. Overall, Samsung’s financial report indicates that the company is well-positioned for continued growth in the coming quarters.