Samsung net profits reach $6.96 billion (7.77 trillion won) with 47.5% Y-o-Y growth in Q2 2013-- a record for the company, even if lower than earlier analyst forecasts.
Revenues total $51 billion (57.46 trillion won), a 19% Y-o-Y increase.
The company sees growth slowdown in smartphone sales, with mobile unit profits falling by 3.5% Q-o-Q (if increasing by 52% Y-o-Y) due to "weak seasonality," increased product launch costs, retail channel investments and general R&D. The quarter saw the launch of the flagship Galaxy S4 in April.
The mobile unit amounts for over 66% of total company earnings.
Offsetting the slowdown is the supply of mobile device semiconductors and panels to to vendors such as Apple and HTC. It also sees growth in its CE division, with Q-o-Q growth in premium TV and air conditioner sales.
"We expect to improve profit yields in H2 2013 due to high-margin, differentiated components products, as well as gains stemming from increased smartphone and TV shipments," Samsung senior VP Robert Yi says. However he also warns "[Samsung] cannot overlook delayed economic recovery in Europe and risks from increased competition for smartphone and other set products."
During H2 2013 Samsung will launch the Galaxy Note 3, a smartphone running on the Tizen OS and a smartwatch, as well as more TVs such as the 55-inch curved OLED sets.
