Samsung Electronics reported a sharp increase in consolidated revenue in the first quarter thanks to strong sales of its new smartphones on Wednesday, but the semiconductor business suffered a downturn.
The South Korean semiconductor and smartphone giant said in a statement that it generated consolidated revenue of 79.14 trillion won (49 billion euros) for the January-March quarter, describing it as its all-time three-month high.
He said operating profit increased from 6.61 trillion won in the same period last year to 6.7 trillion won (EUR 4.1 billion).
Samsung attributed the results to strong sales of its flagship Galaxy S25 smartphone and other high-value-added products.
However, the operating profit of the company's semiconductor business line fell from 1.91 trillion won’ in the same quarter last year to 1.1 trillion won’ (€681.3 million).
The company said its profit is declining due to lower average sales prices, as well as decreased demand for high-bandwidth memory as customers wait for the release of next-generation memory chips.
Samsung said in its earnings statement that US tariffs could affect memory chips and smartphone sales, but the exact effect is unclear.
US President Donald Trump has said he plans to impose a “ tax on semiconductors very soon.
Samsung Electronics’in shares in South Koreaapproximately at market close in ’ %It's down 0.5.
