Wednesday, 07 Apr 2021 10:25 AM MYT
Samsung Electronics is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled empires known as chaebols that dominate business in South Korea, the world’s 12th largest economy. But the pandemic — which has killed more than 2.8 million people worldwide — has also seen many tech companies boom.
“Key to the success of this latest flagship has been its lower US$799 starting price,” tracker Counterpoint Research said in a report. Samsung said operations at its factory returned to almost normal in late March, but South Korea’s Yonhap news agency reported the company may suffer around 400 billion won in losses due to the shutdown.
With the estimates, Samsung is expected to reclaim its global smartphone market lead, the tracker said, after losing the spot to Apple during the last quarter of 2020.