Samsung reports revenue increase on heels of higher mobile phone sales do sex sex to

Apr, 30 2025 20:01 PM

Samsung Electronics reported Wednesday a sharp increase in consolidated revenue for the first quarter thanks to strong sales of its new smartphones, but its semiconductor business suffered a setback. The South Korean semiconductor and smartphone giant said in a statement that it posted 79.14 trillion won ($56 billion) in consolidated revenue for the January-March quarter, calling it an all-time quarterly high. It said its operating profit rose to 6.7 trillion won ($4.7 billion), up from 6.61 trillion won ($4.6 billion) in the same period last year. Samsung attributed the results to strong sales of its flagship Galaxy S25 smartphone and other high-value-added products. However, the operating profit of the company's semiconductor business fell to 1.1 trillion won ($774 million) from 1.91 trillion won ($1.3 billion) in the corresponding quarter last year. The company said its profits were squeezed by falling average sale prices, as well as reduced demand for high-bandwidth memory as .

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