Samsung profits jump 50% but miss expectations | Bangkok Post: news

News > World

Samsung profits jump 50% but miss expectations

- +

Samsung Electronics, the world's largest technology firm by revenue, on Friday posted another record quarterly net profit, but weakening earnings momentum has fuelled fears over flagging demand for high-end smartphones. 

Adverts for Samsung Electronics smartphone Galaxy S4 are seen at the complany's main building in Seoul, on July 26, 2013. Samsung Electronics, the world's largest technology firm by revenue, said net profit jumped 49.7 percent in its latest quarter, but weakening earnings momentum has fuelled fears over flagging demand for high-end smartphones.

The South Korean giant said its April-June net profit surged 49.7 percent year-on-year to 7.77 trillion won ($6.96 billion) thanks to robust shipments of its flagship Galaxy S smartphones and higher chip prices.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments