Salem Radio Network News Tuesday, May 18, 2021

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Samsung Electronics says its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic

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Samsung Electronics says its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic

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The South Korean tech giant also says its quarterly revenue of $59 billion was its highest for the first three months of the year. Samsung is coming off a robust business year. It’s success is due to its dual strength in parts and finished products, which allowed the company to benefit from the pandemic and the prolonged trade war between United States and China.

 

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