Samsung sees slight dip in profits for Q4 2013

Samsung Galaxy Tab Pro 8.4 DSC05087

Samsung saw a minor drop in operating profit in Q4 of 2013, seeing an 18 percent decline from Q3 to earn 8.31 trillion won ($7.72 billion). Overall, Samsung saw saw a modest increase in revenue year-over-year, finishing 2013 with a record 228.69 trillion won (a 14 percent increase). The number equated to a 27 percent increase in yearly operating profit at 36.79 trillion won (about $34 billion).

Any slight declines in quarterly profits Samsung attributes to several factors, namely year-end inventory adjustments and  a rather extravagant marketing budget. Other factors included a $745 million employee bonus payout as well as the recent performance of the Korean won.

Samsung, however, says that there is stronger demand for the company’s line of mobile products than ever before, noting that tablet sales were double that of 2012. There was also mention of a larger investment in wearable tech, though sales figures for the Galaxy Gear smartwatch were not discussed.

[Samsung via Engadget]

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  • Phaz0n

    The Galaxy Gear is Samsung’s black sheep.

  • Barry D.

    If they keep issuing updates that break people’s phones they won’t be at the top for long. I know as much as I like my S3 I’ll never buy another Samsung product period.

  • Modman

    The good thing is there is so much choice in the android world.
    If Samsung uses updates the break phones use an HTC one.
    An LG Phone. A Nexus 5. Whatever you do dont buy an iphone, apple will destroy freedom of choice.

    • filaos

      Apple is currently the only one offering an actual choice. Without them, virtually ALL phones would have the same OS nowadays. Do you really want another Windows-like monopolistic world ?

      • lolwut

        That’s literally the most reasonable level headed comment ever posted in a Phandroid article’s comments section

  • steveb944

    They better not mention the Gear numbers because they’ll have a terrible report.