Friday, July 26, 2013

Samsung record profits despite slowing down the mobile business - 20minutos.es

class=”text”> Samsung Galaxy S4. (Clipset)

mobile business South Korean company Samsung declined by 3.5% in the second quarter compared to the previous year, which tarnished its record result in operating income, 6,400 million euros ( 8,500 million).

Samsung said Friday that operating earnings between April and June grew by 47.5% over last year according as they had estimated.

class=”imp”> Samsung expects tougher competition in the third quarter due to the launch of new products Proceeds from the division that generates more profits, mobile, is reduced from the previous quarter, but still increased 52% compared with the year See by.

In April the company introduced its flagship phone, the Galaxy S4, which accompanied a great campaign Publicitari to compete directly against the Apple iPhone.

Samsung expects tougher competition in the third quarter due to the launch of new products and this may weaken the global sales growth.

The company is having trouble to convince investors that it can continue to operate in a solid and expanding the economy segment of the market.

new players have been added to the board, In addition to Apple, with which it competes for the most exclusive segment, Samsung now must contend with companies such as Huawei and ZTE, in the economy segment, in addition to the ever present Nokia or HTC.

class=”quote_new”> However, we can not overlook the delayed economic recovery in Europe In the reporting results Samsung said: “As we headed to a season usually strong technology industry, we expect our revenue to continue to increase. “

He added: “However, we can not ignore the delay in economic recovery in Europe and the risk of increased competition in the smartphone sector and other products.”

Samsung also stated that they would increase their investments in production over last year imitating the strategy of its competitors.

Since early June

actions Koreans are down 14% due to downgrades of the concerns coming because their margin sales in the mobile phone down and the lower overall market growth.

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