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  • https://mobiletony.com - Samsung Financial Report for the First Quarter of 2021 - 45% increase in operating profit

    Samsung Financial Report for the First Quarter of 2021 - 45% increase in operating profit
    23 Days, 7 Hours ago


    Tags:  Statistics  -  Financial-Report  -  Samsung

    Samsung released its financial report for the quarter ending March 31, 2021 on Thursday, April 29, 2021; According to the report, the company's total revenue during the period amounted to 65.39 trillion won, which is an increase of 6% compared to the previous quarter and is a record-breaking revenue for the first quarters. Samsung grossed just 55.33 trillion ounces last year in the heavy shadow of the coronavirus, down 7.6 percent from the previous quarter. Samsung's operating profit in the first quarter of 2021 reached 9.38 trillion won, an increase of 4% over the previous quarter.

    https://mobiletony.com Samsung Financial Report for the First Quarter of 2021 - 45% increase in operating profit

    On the other hand, Samsung's operating profit compared to the same period last year shows an increase of more than 45%, which Samsung has attributed to the steady sales of smartphones and consumer electronics. On the other hand, Samsung's revenue from semiconductors and monitors has been declining, which has been well offset by smartphones and consumer electronics. Seasonal decline in semiconductor business revenue, despite a steady supply of memory, Samsung said, has been linked to the disruption of the production process at the Austin plant in Texas and the downward trend in NAND memory, as well as the initial costs of setting up new product lines and migrating to an architecture. Advanced node has also influenced this result.

    Here's a look at the details of Samsung's performance in recent seasons.

    Samsung's mobile information and technology division, which also includes smartphones this quarter Revenue of .2 29.21 trillion and operating profit of 39 4.39 trillion's. This set also seems evident from the numbers and figures. According to Samsung, although market demand is declining compared to the previous quarter due to weak seasonal conditions, the overall demand for the company's products in this sector is improving compared to the previous year when the market was affected by coronavirus.

    https://mobiletony.com Samsung Financial Report for the First Quarter of 2021 - 45% increase in operating profit Samsung Galaxy A52 5G

    Underpinning the positive aspects of this segment, from Samsung's point of view, belongs to the positive performance of the S21 series and the Galaxy A mid-range phones, and other Samsung ecosystem devices, including tablets, personal computers and wearables, have also played a role in growing this segment. Samsung's forecast for the next quarter is to increase sales of new Galaxy A series handsets, including the A72 and A52, and the same is true for Galaxy Book tablets, wearables and PCs. On the other hand, the diminishing impact of new products on flagship models and the lack of supply of parts is likely to reduce the seasonal revenue of the mobile communications business.

    The Device Solutions section of the Samsung suite consists of two semiconductors and a display panel, or DP. Samsung's semiconductor business now has revenue of 19.01 trillion won and operating profit of 3.37 trillion won. Samsung's revenue in this area last year reached 17.64 trillion won, but with a profit of 3.99 trillion won, it has better conditions than this year. Samsung attributes the decline in profitability to the downward trend in NAND memory prices and the initial costs associated with building new product lines, despite strong demand from servers and mobile products.

    https://mobiletony.com Samsung Financial Report for the First Quarter of 2021 - 45% increase in operating profit

    In the DRAM memory segment, the demand in the mobile sector, despite the weak seasonal conditions, has been very strong due to the introduction of new models by manufacturers and large Samsung customers and the increasing penetration of 5G smartphones. We are facing a positive trend.

    Under the NAND memory suite, demand from the mobile sector continues to be very high, relying on strong sales of smartphones, and server SSDs are also in higher demand than in the previous quarter. For the second quarter, Samsung expects a significant improvement in revenue due to favorable business conditions, the main reason for which should be considered in strong demand in all subsets.

    Revenue and operating profit of the second subset of this section, the Display Panel Business, reached 6.92 and 0.36 trillion won, respectively, both of which decreased compared to the previous quarter. Samsung attributes the decline in revenue from the mobile display segment to a shortage of chips, apart from poor seasonal conditions, which has had a significant impact on the products of Samsung's core customers. The collection's revenue, of course, has increased over the same period last year as a result of the expansion of OLED displays from flagships to low-end handsets. Samsung's forecast for the second quarter is a drop in demand for mobile displays from the previous season, where end customers are likely to postpone their purchases to the following months of the year.

    The Consumer Electronics Division, which consists of two subsets of Visual Displays and Digital Appliance, this time with an impressive revenue of 12.99 trillion ounces and operating profit Revenue of 1.12 trillion won, a significant increase from revenue of 10.3 trillion and operating profit of 0.45 trillion won over the same period last year.

    https://mobiletony.com Samsung Financial Report for the First Quarter of 2021 - 45% increase in operating profit

    Demand for Samsung TVs declined from the previous quarter after reaching a high at the end of the year, but compared to the previous year on such a day due to stable demand in advanced markets. Samsung forecasts for the second quarter an annual increase in demand for TV; The holding of important sporting events such as UEFA Euro 2020 and the Summer Olympics will not be ineffective. Of course, the continued presence of coronavirus with new waves around the world remains a threat to new locksmiths.

    In the digital home appliance sector, Samsung has decided to focus on expanding the global Bespoke product line and strengthening capabilities It speaks to online sales and B2B, but at the same time reminds of the continuing doubts in this area.

    Source: Samsung





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