News Column

Samsung Profits Surge on Smartphone Sales

July 26, 2013
Samsung Profits Up

Sales of smartphones drove profits at South Korean electronics giant Samsung Electronics Co up to 7.8 trillion won (6.96 billion US dollars) in the second quarter, an increase of almost 50 per cent year on year, the company said Friday.

Revenue at the world's largest maker of memory chips, televisions and mobile phones rose 21 per cent to 57.46 trillion won.

Samsung said it expected growth in the smartphone market to continue in the third quarter "although at a slightly reduced pace." Some investors have expressed fears that the market is becoming saturated.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH. Distributed by MCT Information Services

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters