Daijiworld Media Network- Seoul

Seoul, Apr 8: Tech giant Samsung Electronics reported a slight dip of 0.15 per cent in its first-quarter operating profit, despite witnessing strong sales in its smartphone segment, the company said in its earnings guidance released on Monday.

The South Korean conglomerate posted an operating profit of 6.6 trillion won (approx. USD 4.9 billion) for the January–March period, marking a marginal decrease from the same period last year. However, the company's revenue surged by 11.4 per cent year-on-year to 71 trillion won, driven largely by increased demand for its latest smartphones and a recovering semiconductor market.

The flagship Galaxy S24 series, launched earlier this year with enhanced AI-powered features, was cited as a key contributor to the firm’s strong mobile performance. Market analysts noted a positive consumer response, especially for the Galaxy S24 Ultra variant.

Despite the minor decline in operating profit, industry observers view the results as a sign of stability and potential recovery for Samsung, especially as its semiconductor business — which has been under pressure in recent quarters — shows signs of gradual improvement.

A detailed breakdown of the company's performance by segment will be announced later this month when Samsung releases its full quarterly earnings report.