Samsung reports record sales

Samsung posted revenue of $59 billion, an all-time quarterly high.

“Even as the COVID-19 pandemic continues around the world, the reopening of key economies led to a significant increase in consumer demand,” Samsung officials said in a statement.

Operating profits reached a two-year high of $10.9 billion. That's up 59% from a year earlier due to sales of computer memory chips, smartphones and appliances.

Read more from The Associated Press.