Sunday, April 28, 2013

Samsung rings up record quarterly profits

http://www.aljazeera.com/news/asia-pacific/2013/04/201342653621483160.html
This article talks about how Samsung profit sales are through the roof as they set a new record for profit  in the first three months of the year. In their earnings report, the South Korean giant reported a $6.4 Billion profit, up 41.6 percent. The earnings figures were released on the same day as the new version of Samsung's flagship smartphone, the Galaxy S4, went on sale in South Korea ahead of a planned global roll-out. However the company is expected to suffer from the Sanctions on Iran, which will hurt the company's profits as it prevents them from providing services in Iran. Also, samsung is expected to experience stiffer competition in the near future due to expansion of low to mid end smart phones market.

1 comment:

  1. I think it is amazing how Samsung is reaching a new record for profit. Although there has been some certain conflicts with Apple over the design of the Galaxy S4 and Iphone 5, Galaxy S4 still earned Samsung a huge amount of profit.

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