Record-breaking Q2 2013 Operating Profit From Samsung
Jul 29, 2013
The Korean giant Samsung is enjoying great time, posting a record operating profit boosted by mobile devices sale.
The mobile casino tools manufacturer, Samsung, has posted an $8.5 billion operating profit for Q2 2013. This figure has even surpassed their own expectations of $8.3 billion, posted a little bit earlier. For comparison, the profit in the last quarter was $7.9 billion, and “only” $5.8 billion during the same time last year.
This time around Samsung managed to beat their main rival in mobile casino games devices, Apple, who posted $6.9 billion operating profit for the same quarter.
Samsung has also reported that sales are increasing across the board, however, mobile division has seen a decrease from the previous quarter, but still a rise year on year. The quarter decrease comes despite great sale figures achieved by the Galaxy S4 Android casino tamer, however, some experts say that Samsung’s flagship isn’t selling as good as it should be.
Samsung and Apple are dominating the high-end smartphone market segment, with the Koreans controlling 30.4% share, which is actually a decrease from 32.2% despite sales rising by 43.9%, while Apple’s sales only increased by 20%.
As for the low-end market segment, Apple is not yet present there. Samsung has to compete with the likes of LG, Lenovo, HTC, Sony, and Nokia, who consistently make the Korean manufacturer’s life hard in that segment.
The sales growth in America and China can largely be attributed to the launch of the Galaxy S4. Next quarter Samsung expects the LTE to continue its gradual growth with special attention to developed markets.