Samsung Earns 6.4 Billion Profit In Q1, Little Lower Than Q4 2012

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Samsung has outed it financial report for the first quarter of 2013. In Q1 Samsung has earned $47.5 billion revenue with 7.15 trillion won ($6.4 billion) of Profit. In the same quarter, last year, Samsung posted profit of 5.05 trillion won ($4.55 billion) and similarly its revenue is also up by 15 percent increase but while comparing it to last quarter it dipped slightly.

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Samsung said that operating costs went up to 54 percent from a year ago to 8.8 trillion won, while sales were up 16.8 percent at 52.9 trillion won.  In this quarter Samsung earned its most of profit from Mobiler manufacturing — out of 8.8 trillion won operating profit, Mobile Communications accounted for 6.51 trillion won. These profits are gathered with sales of 32.82 trillion won in the first quarter.

Samsung said that they are planning to launch new devices to strengthen their competitiveness. Here’s what Samsung investor relations chief Robert Yi said in a statement, “Although market uncertainties from the European crisis and the slow global economic recovery are still lingering, we expect to increase R&D spending for strengthening our competitiveness ahead of planned new product launches.”

He also believes that they “may experience stiffer competition in the mobile business due to expansion of the mid- to low-end smartphone market while TV growth will continue to wane in developed markets”

Additionally, Samsung today has launched Samsung Galaxy S IV in Indian market and its available for INR 41,500. Similarly, today it went on sale in US from some retailers and carriers. To Know more about Samsung Galaxy S IV availability head over here.

Source: Samsung (PDF)

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