News Column

Samsung Buzzing on Strong Smartphone Sales

April 26, 2013

Profits at South Korea's Samsung Electronics Co surged 41.6 per cent year-on-year in the first quarter due to strong sales of its smartphones, media reports said.

Net profit for the January-March quarter was 7.15 trillion won (6.44 billion dollars) compared to 5.05 trillion won in the same period last year, the world's top maker of computer memory chips and smartphones said in a regulatory filing, the Yonhap News Agency reported.

Samsung's revenue for the first quarter came in at 52.87 trillion won, a rise of 16.8 per cent compared to the first quarter of 2012.

The company began selling the Galaxy S4 phone in South Korea on Friday.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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