Sales are up, and we haven't even counted the Galaxy S4 yet -- look for Samsung to have another record quarter come July
I'm no financial wizard, but I know big numbers when i see them. And Samsung, as expected, is turning them out. They've just posted their Q1 2013 earnings, and the big news is that they have turned in net profits of 7.15 Trillion Won (that's 6.4 Billion US dollars), with total sales of 52.9 Trillion Won, up from 45.3 Trillion last quarter.
Phones make up a big portion of these numbers. About $358 Billion worth, though it's worth noting that not all the phones sold are Android-powered, or even smart phones. The Mobile unit's operating profit was 6.51 Trillion Won on the back of 68 million units. And they expect things to get even better in Q2, suggesting that Samsung will ship 78 Million handsets out of their mobile division. I have a feeling millions of them will be the Galaxy S4.
You Wall Street types will want to check out the links below for the big picture, while the rest of us try to wrap our heads around these numbers.
Source: Bloomberg. More: Samsung's earning s release (pdf)
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Eliza Dushku
Adriana Lima
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