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Samsung Q2 net profit $ 6.9 billion rose 50 percent over last year

Written By Unknown on Wednesday, July 31, 2013 | 11:01 PM

Electronics released 2013 second quarter financial report, net profit of $ 6.9 billion, representing growth of 50%, operating profit of up to $ 8.5 billion, a slight decline in the performance of mobile phone sector, but operating profit The company is still a record profit of new single-season high, this is the sixth consecutive quarter of Samsung's profits high.
According to Samsung Reported as of June 30, 2013, second quarter 2013 operating profit of Samsung Electronics up $ 8.5 billion, compared with the second quarter of 2012 grew 47%, which gives the results expected in early Samsung flat, 85 billion in operating profit lower than analysts had expected an average of $ 8.8 billion. Samsung's semiconductor division revenue was $ 7.798 billion, revenue of $ 7.348 billion panel sector, consumer electronics sector revenue 11.48 billion U.S. dollars, IT and mobile sector revenues $ 31.93 billion.
Components revenues increased compared to the previous quarter, thanks to rising demand for components, mobile processor shipments declined. IT and Samsung mobile sector contributed two-thirds of operating profit, compared to last year rose 52%, the second quarter of 2013, Samsung's mobile division, operating profit amounted to $ 5.6 billion, but compared with the first quarter of 2013 declined by 3.5%. Samsung Galaxy S4 in April 2013, the listed less than a month sales exceeded 10 million units in the second quarter quarter has exceeded 20 million units. Many analysts believe that the high-end smart phone market nearly saturated, reducing the Galaxy S4 sales expectations.Samsung said the smartphone market is still growing, the growth rate in the next quarter will be slower than in the past.
Samsung's head of investor relations Robert Yi said that the whole IT industry is still a very good market prospects, Samsung's earnings will keep growing, many countries and regions slow economic recovery and increased competition in the smartphone market can not be ignored.
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