Samsung has released its audited results for the second quarter, and the company is reporting a net profit of 7.77 trillion won ($6.96 billion.) That’s plenty of cash and up from the same period last year, however it warned investors growth momentum in its mobile department may slow in pace. Of course, it’s still growing, and sales of its Galaxy S 4 and Galaxy Note 8.0 contributed to a nine percent bump in quarterly revenue for the mobile department. Samsung plans to keep profits high by focusing on “offering differentiated smartphone displays…including flexible display technology” and lowering the cost of its OLED screens. In TVs, profits were also up on more demand for 60-inch+ sets as well as mid-range and low end versions. Samsung is also rolling out Ultra HD and curved OLED TVs in the US, while focusing on more mass-market designs in emerging markets.
Filed under: HD, Mobile, Samsung
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Source: Samsung Q2 2013 results (PDF)
Samsung has released its audited results for the second quarter, and the company is reporting a net profit of 7.77 trillion won ($6.96 billion.) That’s plenty of cash and up from the same period last year, however it warned investors growth momentum in its mobile department may slow in pace. Of course, it’s still growing, and sales of its Galaxy S 4 and Galaxy Note 8.0 contributed to a nine percent bump in quarterly revenue for the mobile department. Samsung plans to keep profits high by focusing on “offering differentiated smartphone displays…including flexible display technology” and lowering the cost of its OLED screens. In TVs, profits were also up on more demand for 60-inch+ sets as well as mid-range and low end versions. Samsung is also rolling out Ultra HD and curved OLED TVs in the US, while focusing on more mass-market designs in emerging markets.
Filed under: HD, Mobile, Samsung
Comments
Source: Samsung Q2 2013 results (PDF)