Samsung posted its detailed financial results today for the first quarter of 2024, and we can see the company is back on track. The Korean giant reported an operating profit of KRW6.61 trillion ($4.85 billion), which is a tenfold increase from the same period last year.
A major reason why profit is back to 2022 levels is the strong sales of flagship Galaxy S24 phones and higher prices for memory semiconductors, the report stated. Overall revenue also rose 13%, fairly more than expected.
Mobile Experience (MX) business saw revenue growth amid market decline. Demand for premium and…