Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 08 January 2013 10:53

Samsung earns $8.3 billion quarterly profit

Written by Nick Farrell



Fears that it might slow


In “you can’t please anyone these days” news, Samsung had a surprise lack of enthusiasm for its $8.3 billion quarterly profit announcement.

It is the fifth time that the company has had record quarters and many shareholders are worried that the run may end in January-March on weaker seasonal demand. The stock dipped 1.1 percent on Tuesday, in a Seoul market that was down 0.4 percent.

Kim Sung-soo, a fund manager at LS Asset Management told Reuters  that investors were a bit concerned that Samsung's momentum may slow in the first half. The smartphone market is unlikely to sustain its strong growth as advanced markets are nearing saturation despite growth in emerging countries, he said.

So far though Samsung has outpaced Apple and routed Jobs’ Mob’s iPhone 5 which was supposed to restore its lead and didn’t. Samsung is valued at close to $230 billion.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments