Samsung's Revenue Went Up 20 Percent in the Last Quarter

Samsung's Revenue Went Up 20 Percent in the Last Quarter

Foto: Depositphotos

During the second quarter of 2021, Samsung made a net profit of KRW9.6 trillion ($8.4 billion), up from KRW5.6 trillion in the same period last year. Revenue was KRW63.7 trillion, a 20 percent increase.

Revenue from its mobile segment increased 8 percent to KRW21.4 trillion, though improvements here were outstripped by big increases in its consumer electronics and semiconductor segments. Samsung expects the smartphone market to recover to 2019 levels during H2 despite continued supply chain issues.

For the second half, the company expects market conditions to be favorable for the component business and it will focus on enhancing product and technology leadership. In smartphones and consumer electronics, Samsung aims to maintain solid profitability by strengthening the premium category leadership. However, risks of continued disruptions in component supply and uncertainties related to COVID-19 are likely to persist, the company said.

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