Sold 76 million smart phones――Samsung Electronics’ profits surge

Samsung Electronics has incredible profits of the second quarter, increasing 47.5% to a record $8.5 billion. It sold 76 million smart phones. And its share of the smart phone market not only continues to top the list, but also has a increasing gap with the following Apple company.

But the result didn’t achieve the analysts’ expectation. Analysts also concerned about a 3.5% fall of the company’s mobile phone profits contrast with the previous quarter, they thought it reflected the high-end mobile phone market was saturated. Samsung itself also predicted that the world’s third quarter smart phones’ sales volume might grow slowly, the competition would become more intense.

Samsung Electronics’ largest source of revenue – mobile business profits increased up to 52% ​​from the year earlier, make a 6.28 trillion won, but fell 3.5% over the previous quarter. The company also expects its third-quarter selling price of smart phones will decline slightly, because the proportion of low-end smart phones increases.

Korea analyst Lee Jae Yun said: “The most profitable business of Samsung Electronics – the mobile communications department’s performance has peaked, which adds the company’s next year’s overall profits growth variables.”

Sold 76 million smart phones――Samsung Electronics’ profits surge