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Samsung's Q2 earnings show $6.96 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 nine percent bump in quarterly revenue for the mobile department. Samsung plans to keep profits high by focusing on "offering differentiated smartphone displays...including flexible display technology" and lowering the cost of its OLED screens.
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Filed under: HD, Mobile, Samsung
Source: Samsung Q2 2013 results (PDF)
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