Samsung said the Galaxy S21 was more successful than its predecessors
Based on various information published by several research centers in recent months, virtually the entire tech industry has a much better start in 2021 than in 2020. But the company that does the best is Samsung.
According to Reuters, in the first quarter of 2021, the mobile division of the South Korean corporation recorded a profit of $ 3.9 billion, which was the highest in the last seven years. This is also 66% more than last year’s result. One Samsung investor says the growth is driven by strong sales of flagship and budget smartphones. The American and Japanese markets stood out especially strongly here.
The success of the Galaxy S21 family of smartphones is due to better performance than the Galaxy S20 and a reduced starting price. The Galaxy S20 started at $ 999, while the most affordable Galaxy S21 went for $ 799. The coming of the market in order after the impact of the COVID-19 pandemic also affects.
However, at the same time, Samsung notes that due to the global shortage of chipsets and the gradually waning interest in the current generation of flagships, the second-quarter results will be worse.
