Samsung officially reports $8.5 billion in revenue for Q2, warns investors that smartphone growth may slow
After releasing its earnings estimates earlier this month, Samsung has just posted its full report for Q2 2013. The company reported profits of around $8.5 billion, up $2 billion over Q1′s $6.4 billion profit and about $51 billion in revenue. While both of those numbers are records for Samsung, they fell short of Wall Street expectations.
The mobile department of Samsung increased its profits nine percent in Q2, which the company attributes to sales of the Galaxy S4 and Galaxy Note 8.0. Samsung did note, however, that its mobile department may not be able to keep up that pace forever and a slight drop in growth may occur.
Going forward, Samsung plans to focus on “offering differentiated smartphone displays…including flexible display technology.” expand full story