Samsung Electronics reported revenues from its mobile phone business of KRW 35.20 trillion for the third quarter, up from KRW 28.40 trillion a year earlier.

Revenues rose 2 percent compared to Q2, and Samsung said it increased shipments on a quarterly basis thanks to higher shipments of mass market devices and stable smartphone sales. Overall the smartphone/tablet market grew in high single digits, thanks to new device launches, Samsung said.

Its own tablet shipments were up sharply thanks to the Tab 3 series launch, although the company did not provide any unit figures.

A greater focus on mid-range and high-end devices helped the company grow operating profit from the mobile division to KRW 6.70 trillion, a 7 percent sequential increase and 19 percent more than a year ago.

Samsung said it expects healthy mobile growth to continue in Q4, thanks to year-end holiday sales and promotions.

Samsung also showed strong growth in semiconductors, with sales up 12 percent sequentially to KRW 9.74 trillion and operating profit growing 17 percent over the same period to KRW 2.06 trillion.

Its other activities, consumer electronics, and display parts, posted lower results, amid price pressure in the TV and LCD markets. Group revenues rose to KRW 59.08 trillion from KRW 52.18 trillion a year ago, and net profit improved to KRW 8.24 trillion from 6.56 trillion.

Source: telecompaper.com

BDST: 1623 HRS, OCT 25, 2013
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