Samsung set a new net profit record of 7.15 trillion won ($6.4 billion) in the first quarter of 2013 thanks to strong smartphone sales. That’s up from 5.05 trillion won during the same time a year ago and higher than the previous record of 7.04 trillion obtained during the fourth quarter of 2012 – extremely impressive to say the least.
The earnings report showed that operating profit was up 54 percent from the previous year to 8.8 trillion won. Overall sales climbed 16.8 percent, topping out at 52.9 trillion won.
Samsung doesn’t release sales figures in their earnings reports but analysts estimate the Korean tech giant shipped around 70 million smartphones in the three month period ending in March.
The company noted that strong sales of the Galaxy S III helped profits but warned that second quarter figures are expected to be lower. Senior vice president Robert Yi said they may experience stiffer competition in the mobile sector due to expansion of the mid- to low-end smartphone market. Perhaps Samsung believes that others like Apple may indeed jump into the budget smartphone race. Of course, it’ll be unlikely that earnings will take a missive hit as Samsung will be shipping the Galaxy S 4 during the second quarter – arguably the best Android handset on the market.
Shipments of PCs and televisions were down, however, blamed on weak demand – sentiments that LG echoed in their recent earnings report as well (with regard to the television business).
The Galaxy S III is the third generation of the Samsung's S smartphones family. It features a 4.8-inch HD Super AMOLED display featuring 720p resolution and a 306ppi pixel density. Also you can find an 8 megapixel camera, LED flash, an user replaceable 2100mAh battery, micro-SIM slot, and microSD card slot for storage expansion.
Samsung Galaxy S III Mini is the small version of Samsung's flagship SIII, the S III mini is powered by a dual-core processor with 1 GHz and 1 GB of RAM. It packs a 5 MP rear camera and a front-facing camera for videocalls. The S III Mini also sports a 4 inch Super AMOLED display.
The Samsung Galaxy Note II is slimmer and thinner than its predecessor. The Galaxy Note II has a 1.6 GHz quad-core processor, 2GB of RAM, and 16 to 64GB of internal storage to handle your daily activities. A microSD slot adds even more memory by providing the option of supporting an additional 64GB of storage.
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