Samsung Reports Q3 2013 Earnings: Net Profit $7.76 Billion, Profit Jumps 26 Percent

Posted on Oct 25 2013 - 5:45am by Editorial Staff

Samsung

Samsung this morning announced its third quarter with sharing that its third quarter profit jumps 26 percent as on compared to a year earlier while the net profit for the quarter was $7.76 billion (8.24 trillion won), compared to a profit of 6.56 trillion won a year earlier.

The third quarter profit reported was 10.2 trillion won as compared to 10.1 trillion won which was expected as per guidance. The chip division profit got doubles to 2.06 trillion won while mobile business profit was recorded at 6.7 trillion won. The company is expecting that the smartphone shipments will rise around 1 to 5 percent in fourth quarter.

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