Samsung's Q2 results disappoint due to slow GS4 sales

Samsung reported their preliminary financial results for Q2 2013. While they posted a record operating profit (over $8 billion, up 47% compared to Q2 2012), they missed analysts estimates, mostly due to disappointing GS4 sales.

According to reports, Samsung already sold 20 million GS4s in just over two months - about 70% faster than the GS3. But still analysts expected more. Hopefully when Samsung actually reports the final results, they'll comment on the GS4 sales. Samsung plans to sell 100 million units of their flagship smartphone.

Samsung's GS4 features a 4.99" Full-HD (1920x1280, 441 PPI) Super AMOLED display, an Octa-core (Quadcore in some models) 1.6Ghz CPU, 2GB of memory, 13 mp camera and a 2,600 mAh battery. The GS4 includes a lot of new software features and special UI controls, include the Adapt Display which allows extensive display calibration adjustments.

Posted: Jul 05,2013 by Ron Mertens