According to news on April 7, South Korea’s Samsung Electronics Co. announced its first quarter 2021 performance guidance on Wednesday. Due to strong sales of home appliances, smart phones, and televisions, Samsung expects its operating profit in the first quarter to be 9.3 trillion won ($8.32 billion), a year-on-year increase of 44%.

Samsung said in a brief preliminary financial report that its first-quarter revenue may increase by 17.5% over the same period last year, reaching 65 trillion won (approximately 58.1 billion U.S. dollars), which is higher than the 60 trillion won that analysts generally expect ( About 53.66 billion U.S. dollars).

However, after the cold snap caused US manufacturers to suspend production, Samsung expects its chip earnings may decline. Samsung is the world's leading supplier of memory chips and smart phones. The company did not subdivide the performance of each business unit, saying that it will announce detailed financial reports later this month.

Source: NetEase Technology Report, translated by Google Translate