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Samsung's Q1 2014 sees $51.8 billion revenue, $7.3 billion profit

Samsung posts Q1 2014 profits of $7.3 billion from $51.8 billion in revenue (KRX:005930)

| Business, Financial & Legal News | Posted: Apr 29, 2014 7:36 am

Samsung has just posted its earnings report for the first three months of 2014, with the company seeing $51.8 billion in revenue for Q1 2014, which is up ever so slightly year-over-year.

 

TweakTown image news/3/7/37382_04_samsung_s_q1_2014_sees_51_8_billion_revenue_7_3_billion_profit.jpg

 

As for profits, we have $8.2 billion in operating profits, and $7.3 billion in net profit. Samsung's mobile business did quite well, providing $30.29 billion of the $51.8 billion in revenue, and $6.2 billion of the operating profit - meaning mobile is pretty much everything for Samsung right now. The South Korean-based company saw mobile operating profits jump 18% from the end of last year, thanks to the success of the Galaxy S4 and Note 3 smartphones.

 

We should see some even bigger numbers in the next six months or so, thanks to the Galaxy S5 already off to a big start. As for tablets, Samsung said that sales on slates remained "solid" with total shipments reaching close to 13 million in Q1 2014.

NEWS SOURCE
Androidcentral.com

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