Sunday, 27 October 2013 18:17

Galaxy line is Samsung's golden goose

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Samsung has announced operating results for the third quarter. The company achieved an operating profit of $9.6 billion, while total revenues amounted to more than $55 billion.

Earnings in the last quarter have increased by 7% compared to the previous quarter, and by 26% compared to the same period last year, and in the department cell phone business there was a 3% increase compared to the previous quarter. The highest growth was recorded in the department of semiconductors business and earnings from memory chips increased by 12%. Samsung's CEO recently for Korean newspaper said that in half a year they shipped 40 million copies of the Galaxy S 4, and the department of IT and smartphones generated largest profit for Samsung.

The biggest decline comparing to the quarter earlier, of 12%, was recorded in the department for the screens production, including those that are installed in TVs.

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Read 1863 times Last modified on Sunday, 27 October 2013 18:19

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