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Wireless

Samsung's Q4 profits jump 76%, warns for smartphone slowdown

Friday 25 January 2013 | 02:54 CET | News
Samsung Electronics saw its fourth-quarter profit jump 76 percent to KRW 7.04 trillion from KRW 4.01 trillion a year earlier. Sales rose 19 percent to KRW 56.06 trillion. The mobile communications division was the main contributor, growing sales 58 percent to KRW 27.23 trillion. The growth was mainly driven by solid sales of the Galaxy S III and Galaxy Note II. For 2013, Samsung expects intensified competition amid smartphone growth slowdown, and for the tablet market, the company foresees more competition as well as strong growth with emerging market expansion. Profitability of the network

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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