Samsung has released its latest financial results for the first quarter of 2013, Samsung’s net profit jumped 42 percent of $6.5 billion US dollars, and sales rose 17.9 percent whilst their operating profit increased by 54 percent.
“Although market uncertainties from the European crisis and the slow global economic recovery are still lingering, we expect to increase” spending on research and development “for strengthening our competitiveness ahead of planned new product launches,” Robert Yi, Samsung’s head of investor relations, said in a statement.
Sales of Samsung’s smartphones boosted their profits, and with the new Samsung Galaxy S4 launching today, it looks like the company is set for another good financial quarter.
Source NYT
Image Credit: SeongJoon Cho/Bloomberg
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