Samsung has released its estimated earnings for Q2 2013, with a full announcement scheduled for later this month. The company estimates profits of $8.33 billion (9.5 trillion won), up nearly $2 billion over Q1’s $6.4 billion profit.
Reuters reports, however that this number was less than the 10.16 trillion won South Korean Analysts were expecting, which they blame on slowed momentum in Samsung’s smartphone division.
“The slowdown in its handset business appears to be worse than expected and the disappointing result simply reindorses the market view that Samsung’s smartphone growth momentum is slowing,” said Lee Sei-chul, an analyst at Meritz Securities.
Samsung’s component division, however, showed solid growth in Q2.
“But it’s got the component side of the business, which is showing solid improvements, and new handset product lineups for the third quarter, so (overall) earnings are likely to grow again in the current quarter.”
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