Samsung first-quarter profit likely surged 45per cent on bumper smartphone, appliance sales

SEOUL: Samsung Electronics Co Ltd likely saw a 45per cent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant.

That would mark Samsung's highest operating income level for the first quarter since 2018. Revenue likely rose 12per cent.In particular, its mobile division looks like it had a stand-out quarter, benefiting from the launch of its Galaxy S21 series in mid-January - more than a month ahead of the flagship model's usual annual release schedule.

High-margin accessories such as Galaxy Buds did brisk business as well, analysts said. They estimate operating profit for the division likely soared by more than 1 trillion won from a year earlier to about 4.15 trillion won.

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