Posted by Kunal G. 11 months ago

Samsung reports Q4 2013 result


Follow: Latest news
samsung-komt-met-12-inch-tablet-in-oktober-samsung-logo-3

Samsung had been reporting some record-breaking results for the past two years but for the first time since 2011, Samsung today reported a decline in their quarterly profit compared to the previous quarter. Samsung recorded a consolidated operating profit of 8.31 trillion won, which is an 18% decline quarter-on-quarter and a net profit of 7.3 trillion won, an 11% decrease.

Samsung’s revenue still hit an all-time high of 59.3 trillion won but a marginal jump from the previous high of 59.1 trillion won.

Samsung attributes the profit decline to the marketing spend and a one-time expense that also includes employee bonuses.

Samsung’s IT & Mobile Communications (IM) division was understandably, the best performing business unit with an operating profit of 5.47 trillion won on a revenue of 33.89 trillion won. The mobile business contributed a whopping 32.17 trillion won.

Going forward this year, Samsung expects to be aggressive in the tablet market and we think Samsung will have to prove a thing or two when they announce their flagship smartphones – Galaxy S5 and Galaxy Note 4 later this year.

More information

Via

Related Posts:

  • No Related Posts

2 comments on “Samsung reports Q4 2013 result

  1. maverick5 11 months ago said:

    treat customers like crap and they will leave :)

    Report this comment

  2. Targonis 11 months ago said:

    It makes sense that Samsung didn’t do quite as well, just due to not advertising as much. Samsung also shows what true innovation is all about when throwing new ideas out there, and not everything will do well. I expect this to continue going forward. One thing no one can deny is that Samsung is still pushing display technologies forward, and with it, we will see higher resolutions in displays in 2014. The Galaxy Gear didn’t do as well as they hoped for a number of reasons(not enough supporting hardware and really being released before it was really ready), and other issues. I expect that the Galaxy S5 will do very well for the company, simply because for those who are on two year contracts, those who bought the Galaxy S3 in 2012 will be due for an upgrade this year, and the S5 and Note 4 may be VERY attractive options for them. Remember, Samsung doesn’t promote having carriers offer annual upgrades the way Apple does, so those who upgrade DO tend to wait the full two years in the USA between buying new phones.

    Report this comment

Leave a Reply






SamMobile
© 2014 SamMobile.com  |  About us  |  Contact  |  Privacy & Cookies  |  Find us on Facebook, Google+ and Twitter.
Partners: Androidworld.nl
Close