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Samsung’s Q1 2013 financial results are out. You’re going to see some big numbers on the internet today, and that’s because they include everything the company makes. Instead of going that route, I’m going to focus on the mobile side of the business. Revenues came in at $28.6 billion, which is up an incredible 49.8% compared to the same quarter a year ago. Comparing Q1 2013 to Q4 2012, revenues are up roughly 7.3%, which is an impressive accomplishment considering that Q1 is traditionally seen as a weak quarter.
Speaking about weak quarter, Samsung’s press release announcing their results says:
“Looking ahead, Samsung anticipates smartphone sales to stay flat in the second quarter but will pick up again in the second half of the year. As more mid- to low-end mobile devices enter the market and new premium products are rolled out, the race for market share will intensify.”
Which devices helped Samsung’s numbers? They say the GS3 and the Note II moved things along, which of course you’d expect since those are the “flagship” devices currently on store shelves. That’ll change tomorrow with the launch of the GS4, and it’ll be interesting to see how many units the company manages to ship in the first 100 days of availability.
