Samsung announces record results but slower growth - 01net

01net.

the 25/10/13 at 8:23

few days before his arch-rival Apple, Samsung (Electronics), now an undisputed world leader in mobile phones, announced its financial results for the third quarter. Despite the decline in performance in smartphones, as related to an energy boost its main competitors as market saturation, its good performance in the field of memory cards partly offset the slight degradation.

but moderate Record

Thus, the net profit for the period from July to September is stood up by 25.6% to 8,240 billion won, or 5.6 billion euros, against 6,560 billion won a year earlier, a slower than the previous quarter growth rate almost twice.
sales rose 13.2% to 59,000 billion won (€ 40.2 billion). Operating profit amounted to 10,160 billion won in the meantime, up 26% over one year when he was jumped by 47.5% in the second quarter.

Slow sales

These results are consistent with the predictions of group faces in smartphones, a market saturation on the high end, the margins of the division also progressing more rapidly as a result of a slowdown in sales of its flagship device, the Galaxy S. Analysts believe that Samsung has elapsed between 85 and 89 million smartphones during the period.

However

Samsung manages to maintain its position as number one in the sector because, unlike his great rival, the American Apple, its range of smartphones also includes medium-end devices at more affordable prices. The downside, these phones lessen the overall performance of the group and the mobile division whose operating margin is displayed slightly lower, at 18.3% against 18.8% in the second quarter.

Galaxy S4, the Korean bestseller, is slowing.

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No memory loss

In total, the group has limited costs due to higher prices of memory chips and semiconductors. The turnover of the division increased by 12% to 9,740 billion won and an operating profit doubled to 2.60 billion, more than 20% of total operating income. “We expect an increase in demand in the next quarter due to favorable seasonal conditions (shopping season) , but the persistence of macroeconomic instability and increased competition will continue to weigh “, said Robert Yi, vice president of Samsung, said in a statement

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