Thursday, April 26, 2012

Samsung profits rise 81% boosted by smartphone sales

Samsung smartphone

Samsung Electronics has seen profits rise 81% in the first quarter, boosted by strong smartphone sales and increased profitability at its display panel unit.

Net profit was 5.05tn won ($4.5bn; £2.8bn) in the three months to the end of March, up from 2.78tn won last year.

The success of Samsung's Galaxy range has seen it become one of the world's biggest-selling smartphone makers.

Samsung is also the world's biggest TV and flat screen maker.

"We cautiously expect our earnings momentum to continue going forward, as competitiveness in our major businesses is enhanced," said Robert Yi, head of investor relations at Samsung.



Source & Image : BBC

No comments:

Post a Comment