Samsung’s profit surged 45% in the first quarter of 2021

Korean tech giant Samsung has launched its flagship series of smartphones previously this year. The launch of Galaxy S21 looks to have helped the firm to attain its goal.

According to the reports, the Korean giant saw a jump of 45 percent during the months of January to March, i.e. Q1 2021, thanks to the healthy sales of the company’s smartphones and home appliances.

Due to the coronavirus, people spent much of their time in homes using electronic devices as much as they can, which has resulted in the demand surge for a wide range of high-margin consumer electronics products, helping the company increase revenue.

Earlier, Samsung’s flexible AMOLED panels have seen a rise in sales in the People’s Republic of China which has doubled the penetration rate in the mobile device segment in the region over last year.

As per reports, the Chinese mobile device maker has thought to use flexible AMOLED panels which are made by the local manufacturer. The tech giant has recently launched its E4 AMOLED panel, which comes with more advanced features like 1,500 nites over 1,200 nits from the previous generation. This new model of the display panel is capable of reaching a contrast ratio of 5,000,000:1.

Moreover, the firm has also lowered the prices of the AMOLED panels that are now more affordable than the ones made from local Chinese vendors’ LTPS TFT LCD displays.

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