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Samsung's 2Q profit record high but below forecast

Samsung Electronics, the sixth consecutive quarter of record high profits, but still disappointed investors, as the world's largest smartphone manufacturer have higher expectations.
Samsung said on Friday, April, June net profit jumped 50 percent from a year earlier to 7.77 trillion won (U.S. $ 6.9 bn).
The bottom line is lower than market expectations of 7.96 trillion won, according to analysts polled by FactSet accepted, the financial data provider.
Operating profit was 9.53 trillion won, up 48% record high. Sales rose 21 percent to 57.46 trillion won.
Samsung's latest quarterly report shows that its explosive Galaxy smartphone sales to drive profit growth may be slowing, with the smart phone has become the mainstream in the developed world. Emerging countries are still sources of growth smartphone vendors, but there are consumers flock to cheaper smartphones, leaving a minor manufacturers.
Samsung's division, manufacturing and selling mobile phones, smartphones and tablet PCs is their latest record profits run key force behind. In 2012, Samsung's mobile division contributed 67% of total operating profit.
Samsung said it has released its mobile business profits with the previous quarter compared to lower marketing costs. This is the first time in a year, the mobile division reported a smaller profit than the previous quarter.
Galaxy S4, its latest flagship smartphone iteration, a record 100,000 sales in its first month of sales, in May, because Apple has not updated its iPhone and iPad to make progress. Including JP Morgan Chase (JP Morgan Chase) but some analysts cut their sales forecasts Galaxy S4 more than 20%, shipments of mobile phones is expected after the launch of the first quarter, will weaken.
Many analysts also expect Samsung write down opponents, including Apple, in the fall and winter quarters Galaxy S4 price, will release new models.
Samsung said the smartphone market may be expanded at a slower pace this quarter, but it still plans to increase shipments. Samsung also released a series of changes in the Galaxy smartphones offer cheaper phones and repel competition from Chinese competitors.
The South Korean company is the world's largest smartphone manufacturer. In the January-March quarter, selling more smart phones, the next four manufacturers combined sold during the period of every three smartphones by Samsung, according to market research firm IDC.
Friday The company also said it plans capital expenditure this year, a record high. Out of 24 trillion won (21.6 billion) in annual capital expenditures, 13 trillion won its Semiconductor Business and 6.5 trillion won will be used for its display panel business.
 



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