Samsung reports $51.8 billion in revenue, $7.3 billion net profit for Q1 2014

Samsung, just a week after Apple, has reported its first quarter earnings for 2014. As an entirety, the company reported $51.8 billion in revenue, up slightly over this time last year, coming out to $8.2 billion in operating profit and $7.3 billion in net profit. More specifically, its mobile division accounted for $30.29 billion of that revenue and $6.2 billon of that profit.

Samsung’s mobile profits in Q1 2014 increased 18 percent over the end of 2013. The company touted strong sales of its Note III and Galaxy S5 as main reasons for the mobile growth. It also said that tablet says remained “steady” with 13 million being sold.

Finally, Samsung also reiterated the fact that it is heavily interested in the wearable market, as well as improving its stance in the education market.

Samsung is also poised to expand its new product categories such as wearable devices, strengthen its B2B business footprint through Knox and in the education market and make advancements in its ecosystem for device connectivity.