After launching three new Galaxy Book devices at its Unpacked event earlier this week, Samsung has shared its financial report for the first quarter of 2021. And much like its arch-rival Apple, Samsung seems to have had a pretty good quarter. It earned a total of $59.04 billion in revenues with an operating profit of around $8.47 billion.
Now, getting into the details, even though Samsung’s semiconductor and display business yielded low earnings, the company saw an 18% increase in the sales of its smartphones, TVs, and other household products. In fact, the Korean giant topped the global smartphone manufacturer chart, as per IDC’s report, shipping around 75.3 million smartphone units worldwide.
Nonetheless, Samsung aims to continue to innovate and manufacture the necessary products and components such as displays, chipsets, and 5G technology to meet the growing demands in the market. Moreover, the company is looking forward to increased adoption of OLED panels in the market and is also aiming to establish a foundation to develop quantum-dot (QD) displays.
