JSamsung Electronics saw a significant jump in its operating income for the first quarter of 2021, backed by robust sales of smartphones that offset lowered profits from its semiconductor division.
In its earnings guidance on Wednesday, the company said it expected operating income of 9.3 trillion won and sales of 65 trillion won for the quarter. This is an increase of 44.19% and 17.48%, respectively, from the year prior.
The mobile division led the growth, in large part due to the Galaxy S21 series' launch in January, which occurred a month earlier than the flagship line's usual release date. Samsung had previously said the S21 was selling faster than the S20.
