Quarterly running revenue up 26 p.c, semiconductor gross sales up significantly
It is revenue time, and the following firm as much as record its financials from Q3 2013 is Samsung. Driving strong increase in the vast majority of its main divisions, Samsung posted large gross sales and file income for the quarter — listed below are the highlights:
- Gross sales of $ fifty five.6 billion, up from $ forty nine.1 billion ultimate 12 months
- File running revenue of $ 9.sixty five billion, up from $ 7.fifty eight billion final yr
- Internet revenue of $ 7.seventy five billion, up from $ 6.17 billion remaining 12 months
Samsung noticed 12 months-over-yr boom in the vast majority of its divisions, with the most important jumps coming within the semiconductor and cell divisions. In the case of smartphones, Samsung claims shipments elevated quarter-over-quarter, basically pushed by way of “mass-market fashions” with high-end model shipments staying flat. Tablet sales “sharply increased” as well, due primarily to the launch of its latest Tab 3 lineup.
Looking forward to Q4, Samsung naturally expects demand for its smartphones and tablets to grow with the holiday shopping season. Growth is expected to be evenly split between developed and emerging markets for phones. Demand for its products from other divisions are also expected to grow with the increased sales of other company’s products in the holidays.