Money
Samsung announces strong first-quarter profits, but what triggered the success?
Korean tech giant Samsung has announced its strongest first-quarter profits since 2018, backed by solid mobile sales of the flagship Galaxy S21 line.
The companies profit has risen 46 percent compared to the same quarter in 2020.
Sales of T.V.s and home appliances also saw strong growth.
Despite the high demand due to global shortages, the companies Chip business struggled due to a high cost of production.
Competitor, Apple recently revealed they too have been impacted by the global chip shortage, with concerns their could soon be an iPhone shortage.
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