Samsung's sales and profit on a roll

The smartphone maker's sales are up 13 percent in the third quarter

Samsung Electronics forecast strong growth in revenue and profit in the third quarter as the company rolled out new models of its smartphones and tablets, including products for emerging markets.

The South Korean maker of the Galaxy smartphones and tablets said Friday that its third-quarter sales increased 13 percent to 59 trillion won (US$55 billion).

Operating income also grew by 25.3 percent to 10.1 trillion won, Samsung said in a stock exchange filing. The company does not provide information for net income in the earnings guidance.

Samsung is targeting smartphones at various segments of the market at many price points giving it the lead in large emerging markets like China and India.

It launched last month at the IFA electronics show in Berlin the Galaxy Gear, a watch that will allow users to see details of some messages received by the phone, answer and place calls, run a number of apps written for the device and take pictures with an internal camera. The device is paired with Samsung's Galaxy Note 3 smartphone.

The company was ranked as the eighth most valued brand this year, according to a report released this week by brand consultancy Interbrand.( The company saw its brand value go up 20 percent to $39.6 billion, as the brand continues to strengthen its position globally, spending more than $4 billion in marketing last year, and launching innovative products such as the Galaxy S4 and Galaxy Note II, according to Interbrand. Rival Apple was ranked number one in brand value, outstripping Coca-Cola for the first time.

Samsung reported in July that its operating profit reached 9.53 trillion won on revenue of 57.46 trillion won. Net profit for the quarter was 7.8 trillion won. During that quarter the company had a 33 percent share of the smartphone market to 13.6 percent for Apple's iPhone. It trailed Apple in tablets in the second quarter of 2013, with a 18 percent share of the market to Apple's 32 percent.

Smaller rival HTC on Friday swung to a net loss of NT$2.97 billion ($101 million) on revenue of NT$47 billion in the third quarter. The performance of the Taiwanese company, which had posted a profit in the previous quarter, reflects stiff competition in the mobile market both from larger players like Samsung and small players in China.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags smartphonestabletsbusiness issuesApplehtcfinancial resultshardware systemsconsumer electronicsSamsung Electronics

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?