Thursday , June 21 2018

Samsung breaks profit records, raking in $9.96 billion last quarter

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Samsung have today released their audited financial results for Q3 2013 and they’re very impressive for the leading Android manufacturer. Breaking previous records, Samsung made $9.96 billion (AUD) in profit before tax, up from $9.34 billion (AUD) last quarter.

It’s hard to compare these earnings to that of HTC or otherwise because of the sheer amount of other products and services Samsung offers, however, Samsung notes that its mobile division is performing well with demand for tablets increasing sharply thanks to the Galaxy Tab 3 launch. They also credit their aggressive marketing campaigns as avenues for increased sales numbers.

Forecasting for Q4, Samsung are expecting mobile sales to increase as well as tablet sales thanks to end of year promotions and the general holiday season pick-up in sales.

Source: Samsung.

Buzz Moody  

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Sean Royce
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Sean Royce

That’s insane, I always wondered how much they spent on advertising, obviously it’s working wonders though.

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