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    The new Samsung smartphones has increased the company’s profits by 44%

    Samsung

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    The new Samsung smartphones has increased the company’s profits by 44%

    The new Samsung smartphones has increased the company’s profits by 44%

    The corporate’s working revenue for the primary quarter elevated to $8.Three billion in comparison with the identical interval in 2020, which corresponds to a rise of 44%. Income rose 17% to $58.2 billion. Samsung’s monetary efficiency exceeded analysts’ expectations, however they advised that the February freeze in Texas within the semiconductor enterprise broken the corporate’s working revenue, which brought about it to say no 20% to $3.2 bln. Nevertheless, consultants count on that already within the second quarter the rise in costs for reminiscence will return earnings to progress.

    In keeping with unofficial forecasts, within the first quarter, Samsung shipped 76 million smartphones; which is way more than the results of the fourth quarter. The early debut of the Galaxy S21 household, in addition to the aggressive pricing coverage of the Korean producer, which was pressured to compete with Chinese language corporations for the market share of Huawei, contributed to this progress. TV gear additionally stays a preferred class of products.

    Samsung regains the title of primary firm within the smartphone market

    In February, Samsung delivered 24 million items of cellular gadgets to the market, and its share was 23.1%. This allowed the corporate to return to the primary place within the rating of the main suppliers of smartphones; though the hole from the proprietor of the “silver” shouldn't be so huge. For comparability, in January of this yr, the share of Samsung was equal to 15.6%; and in annual phrases, the expansion was 26%, and compared with the identical interval final yr – 12%.

    Within the first month of this yr, the management within the cellular machine market was captured by Apple; which managed 25.4% of the market share. However in February, it slowed down and got here to the end line second with 23 million iPhones bought; and its share was 22.2%. And that is 74% greater than the quantity of gadgets bought that was realized in February final yr.


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