Samsung Electronics closes the second quarter of 2013 with records, with net income up 50% to 7.770 trillion won, approximately 7 billion dollars, and operating profit of 9.530 trillion won (8,5 billion dollars), an increase of 47,5% over the same period last year.
The new highs in revenues are attributable to a 20,7% jump in revenue to approximately $51 billion compared to the second quarter of 2012 and increased profitability in the components market, where operating profit jumped 19%.
Despite the results, the samsung stock on the stock exchange still does not excite, so much so that compared to the beginning of June its price is still discounted by a 14% drop, with a capitalization loss of 28 billion dollars.
The point is, according to analysts, that the "momentum" of the generation of profitability is weakening, in a market context that sees the attack of cheaper smartphones compared to the top range Galaxy S4. Thus the operating margin of the mobile communications division fell to 17,7% in the second quarter from 19,8% in the first three months: the department's profit rose by 52% but was down by 3,5% on the first quarter of this year.
In addition, the mobile communications division suffered from high R&D and product promotion expenses, which dampened its profitability.
“As we enter a typically strong season for the IT industry, we expect earnings to continue to grow. However, we cannot overlook the lagging economic recovery in Europe and the risks of increased competition in the smartphone sector and on a range of other products,” said Robert Yi, senior vice president and head of investor relations.
Strategy Analytics estimates, since Samsung does not publish actual data, 76 million units shipped in the second quarter, double the 31,2 million iPhones sold by Apple.
