Samsung sells 69.4 million smartphones in Q1, sees $6.4 billion record profits
Prepare to be shocked. Samsung has
released its earnings report for the first quarter of 2013, revealing
that the company managed to remain profitable. OK, that may be a bit of
an understatement; Q1 was the best quarter on record for Samsung. Net
income for the quarter skyrocketed to $6.4 billion, a staggering 42
percent increase over Q1 2012. During the quarter, Samsung’s smartphone
sales jumped 56 percent to 69.4 million units, eclipsing Apple’s 37.4
million iPhone sales during the same time period.
If it’s not already clear, Samsung is the most dominant force in consumer electronics – a position which will be solidified in the second quarter of this year with the global launch of the Samsung Galaxy S 4. While we’d like to think that HTC, LG, Sony or even Motorola have a fighting chance, Samsung’s success in the smartphone space will not be matched for quite some time.
What’s your take on Samsung, its profits and its Android lineup? Will its rise to stardom backfire as consumers become aware of Samsung’s monolithic presence in the marketplace?
If it’s not already clear, Samsung is the most dominant force in consumer electronics – a position which will be solidified in the second quarter of this year with the global launch of the Samsung Galaxy S 4. While we’d like to think that HTC, LG, Sony or even Motorola have a fighting chance, Samsung’s success in the smartphone space will not be matched for quite some time.
What’s your take on Samsung, its profits and its Android lineup? Will its rise to stardom backfire as consumers become aware of Samsung’s monolithic presence in the marketplace?
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