Samsung reports record profit of $9.6 billion in Q3 2013


Samsung just reported its Q3 earnings for 2013, in which the company has managed to make operating profit of 10.16 trillion won (~US$9.6 billion), which is the highest Samsung has ever posted in a single quarter and a 7-percent increase compared to last quarter. It has reported net profit of 8.24  trillion won (~US$7.76 billion) and revenues of 59.08 trillion won (~US$55.6 billion). Mobile phone sales accounted for 35.20 trillion won (~US$33.1 billion), which is 2-percent increase compared to last quarter.

Mobile phone sales were strong in the premium segment with steady increase in sales of the Galaxy S4, Galaxy S3 and Galaxy Note series of smartphones. Sales of low-end Galaxy smartphone increased in the quarter. The Galaxy Tab sales significantly increased compared to the previous quarter due to the new Tab 3 line-up, says Samsung. Samsung expect more sales in the fourth quarter with the Note 3 and the Galaxy Gear launch, which would also be expanded to more countries.

Samsung expects balanced growth in both developed and emerging market  for smartphones and expects an increase in LTE smartphone sales in North America and Korea with affordable LTE plans. It also expects increase in sales of mass-market smartphone and tablets.

Author: Srivatsan Sridhar

Srivatsan Sridhar is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He uses the phones he reviews as his main phone. You can follow him on Twitter and Instagram