Samsung ‘s mobile division recorded record profits during the first quarter of 2021, not only compared to the previous year – which was obviously difficult for the industry due to the Corona plague – but also relative to the years before the plague. In total, Samsung earned about $ 3.9 billion, which is the highest figure the company has recorded in the last seven years.
Samsung are proud to reveal that most of the revenue surge is responsible for a series of devices Galaxy S21 [ Review ], sold well in the US and Europe. Compared to the Galaxy series S20, which was considered a disappointment in terms of sales, the sales of the Galaxy S21 devices up to three times larger. Even Devices Samsung’s mid-range, especially the Galaxy A series, have seen a nice increase in sales.
These data align well with numbers published by market research companies such as IDC and Canalys, which place Samsung in first place among the world cellular manufacturers, with a market share of about 22 percent and sales of about 75 million units. Apple, in second place, is “satisfied” with 13 percent of the market and 55 million devices according to IDC data.
Samsung expects that in the second quarter of 2021 there will be a jump in sales of smartwatches and tablets, but also warns that the continuing shortage of chips may limit the pace of production and hurt its performance.