Samsung Posts Record 2nd-Quarter Net on Mobile-Device Strength
Samsung Electronics on Friday reported a record second-quarter net profit as its mobile devices continued to sell well even though consumer spending was hit by the struggling global economy during one of the slower times of the year for technology companies.
Samsung, the world’s largest technology firm by revenue, said its net profit for the three months ended June 30 rose to a record 5.193 trillion won ($4.5 billion), up 48% from 3.506 trillion won a year earlier. In the first quarter, Samsung reported a net profit of 5.05 trillion won.
