Thursday, 25 July 2013

Samsung's Q2 earnings show $6.96 billion net profit, but smartphone growth is slowing

Samsung's Q2 earnings show $696 billion net profit, but smartphone growth is slowing


Samsung has released its audited results for the second quarter, and the company is reporting a net profit of 7.77 trillion won ($6.96 billion.) That's plenty of cash and up from the same period last year, however it warned investors growth momentum in its mobile department may slow in pace. Of course, it's still growing, and sales of its latest Galaxy S 4 and Galaxy Note 8.0 contributed to a 9 percent bump in quarterly revenue for the mobile department.


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