Sales soar: A woman walks past a Samsung Electronics store in Seoul. Samsung’s Q1 smartphone shipments are estimated at 76 million, up 25% from the previous quarter. — AFP
SEOUL: Samsung Electronics Co’s profit for the first quarter rose 44% from the prior year as the early release of a new flagship smartphone and strong gadget sales softened the blow from a Texas power failure that took one of its factories offline.
South Korea’s biggest company posted operating income of 9.3 trillion won (US$8.3bil or RM34.26bil) for the three months ended March in preliminary results. That compares with a 8.88 trillion won average of forecasts.
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