Samsung’s sales were a 22% rise on the year before, and the surge in sales helped push earnings at Samsung Electronics to a record high. Net profit in the first quarter nearly doubled from the previous year to a record 5.05tn won (£2.76bn.) Operating profit also hit a record high, at 5.85tn won.
And Samsung expects to steal a march in the coming quarters. It’s introducing a new version of the Galaxy phone next week, while its memory chip business will benefit this year as global demand for personal computers is picking up. Could Seoul’s finest set its sights on Cupertino?