Samsung just reported its Q4 earnings for 2013, in which the company has managed to make operating profit of 8.31 trillion won ($7.73 billion) for the quarter ended December 31st. It has reported net profit of 7.30 trillion won (~US$$6.8 billion) and revenues of 59.28 trillion won, up from 59.08 trillion won in the third quarter. Mobile phone sales accounted for 32.17 trillion won, which is 9-percent down compared to the previous quarter. Operating profits in the mobile sector were 5.47 trillion won, down by 18% compared to Q3 2013.
The company has reported operating profit of 36.79 trillion won for financial year of 2013, a 16.1% increase compared to 2012. We had over 30% worldwide market share in 2013, says the company, with two times more tablet sales compared to 2012, accelerated by the GALAXY Tab 3 and GALAXY Note 10.1 (2014 Edition) sales.
Demand for smartphones increased QoQ in both developed and emerging markets by the year-end or holiday and the demand for tablets increased with the expansion of global promotions. Samsung blames decrease in earnings in the mobile sector QoQ due to higher marketing expenditure in the season and other expenses.
Samsung plans to maintain its leadership in the smartphone business by expanding its product portfolio across diverse regional markets and price points. It also plans to brings new wearable devices such as GALAXY Gear, improve the tablet lineup with new mid- to low-end models and tablet with larger screens this year.