Mobile growth dip takes shine off Samsung Q2 profit record
SEOUL (REUTERS) - Samsung Electronics Co Ltd is under mounting pressure to produce eye-catching new smartphones after its mobile business shrank 3.5 per cent in the second quarter, taking the gloss off a record US$8.5 billion (S$10.8 billion) operating profit.
The South Korean IT giant on Friday said April to June operating profit increased 47.5 per cent from a year ago to 9.53 trillion won (S$10.8 billion), in line with its estimate.
Profits at its mobile division, the biggest earnings generator, jumped 52 per cent to 6.28 trillion won from a year ago but fell 3.5 per cent from the previous quarter.
The reporting period included the launch of its flagship Galaxy S4 in April, backed by a massive advertising campaign, in Samsung's biggest assault yet on arch rival Apple Inc's iPhone.