Page 2 of 2 Previous

Continued: Samsung to plow record cash into displays, chips as smartphone sales reach a peak

  • Article by: YOUKYUNG LEE , AP Technology Writer
  • Last update: July 26, 2013 - 3:00 AM

"Entering into a typically strong season for the IT industry, we expect earnings to continue to increase. However, we cannot overlook delayed economic recovery in Europe and risks from increased competition for smartphone and other set products," Yi, Samsung's executive vice president, said.

Samsung's April-June net profit jumped 50 percent over a year earlier to 7.77 trillion won ($6.9 billion), below the market forecast of 7.96 trillion won, according to a survey of analysts by FactSet, a financial data provider.

Operating profit was also at a record high of 9.53 trillion won, up 48 percent. Sales rose 21 percent to 57.46 trillion won.

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

question of the day

Poll: Which least deserves to be on the list of the 10 most-banned books?

Weekly Question

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

 
Close