Samsung releases Q1 2013 earnings, posts $7.9 billion profit
Samsung released its Q1 2013 earnings report. The company's financial performance fell right in line with the financial guidance it released earlier this month.
Thanks to strong smartphone and tablet sales, Samsung achieved an operating profit of 8.78 trillion won ($7.9 billion) - more than 50% higher than the same period of last year. The net profit was 7.15 trillion won ($6.45 billion) on 52.87 trillion won ($47.6 billion) of revenues.
Samsung expects the imminent launch of the Galaxy S4 flagship to have a massive impact on its financials next quarter. The manufacturer however, points at increased competition in the smartphone field.
Reader comments
- AnonD-87800
- 86w
People buy Samsung due to the innovations that come with it, better software updates, and listening to customer demands of what features should be included. The reason for plastic back cover is for battery accessibility that you cannot possibly do ...
- AnonD-87800
- 86w
And be informed that the Super AMOLED is the best screen ever. It has the deepest blacks because the LEDS are turned off when in black background and therefore not using power thereby saving battery. In SGS3 and NOTE 2 , you can set the display to ...
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