Samsung Electronics reported on Wednesday a pointy enhance in consolidated income for the primary quarter due to robust gross sales of its new smartphones, however its semiconductor enterprise suffered a setback.
The South Korean semiconductor and smartphone big stated in an announcement that it posted 79.14 trillion gained (€49 billion) in consolidated income for the January-March quarter, calling it an all-time quarterly excessive.
It stated its working revenue rose to six.7 trillion gained (€4.1bn), up from 6.61tn gained in the identical interval final 12 months.
Samsung attributed the outcomes to robust gross sales of its flagship Galaxy S25 smartphone and different high-value-added merchandise.
Nonetheless, the working revenue of the corporate’s semiconductor enterprise fell to 1.1tn gained (€681.3 million) from 1.91tn gained within the corresponding quarter final 12 months.
The corporate stated its earnings have been squeezed by falling common sale costs, in addition to lowered demand for high-bandwidth reminiscence as prospects await the discharge of next-generation reminiscence chips.
Samsung stated in an earnings name that US tariffs may hit gross sales of its reminiscence chips and smartphones, though added that the precise impression is unsure.
US President Donald Trump stated that he intends to position tariffs on semiconductors “very quickly”.
Shares in Samsung Electronics had dropped round 0.5% at market shut in South Korea.