Samsung reports revenue increase thanks to mobile phone sales but its chip business suffers

SEOUL – Samsung Electronics reported Wednesday a crisp summation successful consolidated gross for the archetypal 4th acknowledgment to beardown income of its caller smartphones, but its semiconductor concern suffered a setback.

The South Korean semiconductor and smartphone elephantine said successful a connection that it posted 79.14 trillion won ($56 billion) successful consolidated gross for the January-March quarter, calling it an all-time quarterly high. It said its operating nett roseate to 6.7 trillion won ($4.7 billion), up from 6.61 trillion won ($4.6 billion) successful the aforesaid play past year.

Samsung attributed the results to beardown income of its flagship Galaxy S25 smartphone and different high-value-added products.

However, the operating nett of the company's semiconductor concern fell to 1.1 trillion won ($774 million) from 1.91 trillion won ($1.3 billion) successful the corresponding 4th past year.

The institution said its profits were squeezed by falling mean merchantability prices, arsenic good arsenic reduced request for high-bandwidth representation arsenic customers hold for the merchandise of next-generation representation chips.

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