THE SAMSUNG PROFIT REPORT:
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SAMSUNG |
Samsung posted consolidated operating profit of 10.16 trillion won (approximately $9.56 billion) from a 59.08 trillion won (roughly $55.59 billion) of revenue. Samsung’s profits came in 7% higher than the previous quarter and an impressive 26% more than the same period last year.
Its growth was driven by increased sales of mass-market, lower-cost models. High-end devices’ shipments have remained at similar level with the previous quarter.
Samsung tablets have done well over the past quarter as well. Their shipments have increased sharply thanks to expanded product lineups.
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