Samsung has yet to release its estimate of financial results for the first quarter of this year, but preliminary data from analysts cited by Yonhap News already looks very promising. According to them, the Korean technology giant will record significantly higher sales from year to year, which they say will be thanks to the mobile division, which is supposed to compensate for weaker results in the semiconductor segment.
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Specifically, analysts expect that Samsung will earn 60,64 trillion won (roughly 1,2 trillion crowns) in the first three months of the year, which represents a year-on-year increase of 10,9%. As for profit, according to analysts' estimates, it should increase by even 38,8% to 8,95 billion from year to year. won (approximately 174,5 billion crowns). Analysts associate the significant year-on-year growth with the earlier launch of the new flagship series Galaxy S21. This move also strengthened Samsung's OLED business in the period under review. The launch of the iPhone 12 apparently also contributed to the good results of the Samsung Display division, although sales of the smallest model – the iPhone 12 mini – reportedly caused a 9% drop in OLED panel deliveries in January.
Analysts estimate that Samsung shipped 75 million smartphones in the first quarter, up 20,4% from the same period last year. They also believe that the average price of its phones has increased by 27,1% year-on-year.
Analysts also said rising DRAM prices helped Samsung's memory business, but its logic chip and foundry divisions were hit by the temporary shutdown of a factory in Austin, Texas, due to heavy snow. The shutdown, which has been in place since February and is expected to end in April, is said to have cost the company over 300 billion won (roughly 5,8 billion crowns).
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