Strong sales of smartphones and TVs boomed Samsung’s profits in first quarter of 2021
Recently, Samsung officially released its first-quarter 2021 results, which reveals a hike in operating profit and revenue. Despite the Covid-19 pandemic, the company’s sales expanded because of robust demand for smartphones, smart TVs, and home appliances.
Talking about figures, Samsung’s revenue was KRW 65.4 trillion (around $59 billion), and operating profit of KRW 9.38 trillion (around $8.46 billion) in the quarter. Besides, the company gained 18.2% higher revenue and 45.5% higher operating profit compared to Q1 2020.
On the other hand, the South Korean tech giant achieved 6% higher revenue and 4% higher operating profit than the previous quarter (Q4 2020). At the same time, the company expects that the chip shortage could make a huge negative impact on its business.
Samsung First Quarter 2021 Results
- Mobile Communications Business
Samsung revealed that the Mobile Communications Business rose significantly as sales of flagship and mass-market smartphones increased and contributions of products in the Device Ecosystem such as tablets, PCs, and wearables grew. Aside from this, the Mobile Communications Business is set to see revenue and profit decrease as flagship smartphone sales fall and some components experience supply issues.
- Consumer Electronics Division
According to the company, its Consumer Electronics Division reported higher profit both quarter-on-quarter and year-on-year as demand remained strong for digital appliances and premium TVs.
- Digital Appliances Business
The demand for Digital Appliances Business remained strong in the first quarter despite traditionally weak seasonality. The earnings grew because of strong sales of premium products such as customizable Bespoke refrigerators
- Semiconductor/Display Panel Business
Samsung’s Semiconductor Business declined quarter-on-quarter because of solid memory shipments, mainly due to the production disruption at the Austin fab. In addition, profit from the Display Panel Business fell quarter-on-quarter because of the weak seasonality of mobile products.
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Google and HP have announced a partnership to manufacture Chromebooks in India, making them the first Chromebooks to be made in the country. The partnership aims to improve the digital education scenario in India by providing affordable and secure computing devices to students and educators.
According to the information, the Chromebooks will be produced at the Flex Facility near Chennai, where HP has been making various laptops and desktops since August 2020. The production of HP Chromebooks starts on October 2, 2023.
Chromebooks are the leading devices in K-12 education globally, with over 50 million students and teachers using them. Chromebooks have built-in accessibility and security features that make them ideal for online learning.
Today, Google and Alphabet CEO Sundar Pichai confirmed the partnership through a tweet on X (Twitter). He mentioned, “We are partnering with HP to manufacture Chromebooks in India – These are the first Chromebooks to be made in India and will make it easier for Indian students to have access to affordable and secure computing.
Samsung is not only planning to unveil the Galaxy Tab A9 in India next month but there will be a Plus variant too. In a recent development, the Galaxy Tab A9+ has been spotted on Google Play Console.
Google Play Console listing doesn’t reveal much about its specs, while its existence is almost confirmed. The Galaxy Tab A9 Plus will feature a 1200 x 1920 pixels resolution display, while the size remains unknown at the moment.
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Past reports revealed that this tablet will be equipped with Snapdragon 695 processor, coupled with 4GB RAM. However, the Tab A9 is said to sport MediaTek’s Helio G99 chipset and a 1340 x 800 pixels resolution display.
Samsung Smart View feature is getting a new update with version 8.2.16.44. This feature allows you to mirror your phone’s screen to your TV, as well as control the TV with your mobile.
Now, the company is enhancing the Samsung Smart View feature through a new update. It fixes some issues that users spotted in previous versions to improve the performance and stability of the app.
The installtion package size of this update is 5.73MB, available on the Galaxy Store. If you use the Smart View function of a Samsung smartphone, then you should install the latest update of it.
You can get the Samsung Smart View 8.2.16.44 update through Galaxy Store >> Menu option >> Updates. Also, you can download it through the link mentioned here.
Samsung Home Launcher gets updated right before One UI 6 unveiling on October 4