Samsung boosts profits and pledges to ‘mainstream’ foldables

Avatar admin | July 31, 2021

Samsung boosts profits and pledges to ‘mainstream’ foldables

Samsung boosts profits and pledges to ‘mainstream’ foldable. The forthcoming unpacked event of Samsung is set for 11th of August.

The second-quarter earnings have been released by Samsung electronics in which it reports 20% higher revenue and 54% higher operating profit year on year in spite of the mobile division which is procuring a hit because of the shortages of components. The operating profit has been made by the company which is 12.57 trillion won (~$10.97 billion) off 63.67 trillion won (~$55.56 billion) in the revenue.

According to Samsung, the mobile business of it has suffered from the shortage of industry-wide component and also from the production disruptions in the Vietnam factories, some from them were closed because of the outbreak of covid.

Samsung declares that Z fold 3 pen and support as note line is in Limbo:

The semiconductor business is still continuing to be the greatest financial driver of Samsung, which is doing the contribution more than 3rd of the company’s revenue and as well more than half of the profit for the quarter. As per the statement by Samsung, the demand for memory and cost raises were higher as compared to the precedent forecast.

The new iMac of apple fetches the M1 goodness to the desktop:

Samsung utters Having a sight forward to the rest of the Year that it would solidify the leadership in the premium smart mobile phone segment through mainstreaming the category of foldable. Whilst, it is declared by the display division that it is up to on under-screen camera technology. The unpacked event of Samsung is about to be transpired on 11th of August where it is aforementioned that it would declare new mobile phones in the Samsung Galaxy Z fold and Samsung Galaxy Z flip lines.

Read More: Old Kindle devices of Amazon would commence losing the internet access


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