Samsung Electronics reported its financial results for Q1 2021. The company's revenues was 65.4 trillion Won (around $58.7 billion USD). Operating profit increased 4% from the past quarter to $8.4 billion, as Samsung enjoyed strong sales of phones and consumer electronics, which offset slower sales of displays and semiconductors.
The past quarter saw a fall in the revenues of Samsung's display business, due to weak seasonality of mobile products and a shortage of chips.Compared to Q1 2020, however, earnings improved due to increased adoption of OLED displays in smartphones.
Samsung Display will strive to strengthen its leadership in the OLED market by addressing demand from the IT market and exploring new applications such as automotive displays. For large displays, Samsung will "channel all its efforts towards preparing for the mass production of QD displays".
