Author Topic: Samsung announces record $8.5B profit for Q2  (Read 188 times)

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Samsung announces record $8.5B profit for Q2
« on: Jul 26, 2013, 01:31 PM »
Samsung announced a record $8.5 billion in operating profit, beating the $8.3 billion guidance it released early this month. That's up from the $7.9 billion from the previous quarter and $5.8 billion from the year ago quarter. Net profit was $6.99 billion.

We were a little wary of reports that Samsung had beaten Apple in profitability, but the Cupertino company (and Samsung's main smartphone rival) posted a net profit of $6.9 billion, coming a narrow second this time.

Sales are up across the board for the Samsung divisions, but mobile division actually marked a decrease in operating profit quarter on quarter (it's up YoY), despite the launch of the Galaxy S4 flagship, which has been selling quite well (but not as well as some analysts expected).



Analysts say that while Samsung and Apple dominate the high-end smartphone market, that market has been saturated and the action is now in the mid- and low-end segments. Samsung has carved out a 30.4% market share (down from 32.2%) despite sales rising 43.9% (Apple's sales rose 20%).

Apple doesn

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Samsung announces record $8.5B profit for Q2
« on: Jul 26, 2013, 01:31 PM »