Samsung’s 4Q13: good and bad

Samsung’s 4Q13: good and badWell, it’s that time of the month again. No, not that time of the month; this one comes but four times per year.

Now that we’ve had a few weeks to process the figures and what not, it’s time to look back over the preceding quarter. Samsung’s was pretty good, though as always, there are two ways of looking at it.

For starters, Samsung announced 8.3 trillion won in operating profit, which sounds impressive on the face of it, though that’s actually down from 8.84 trillion won in the same period last year.

Reuters explains that the figure is down a bit on account of an 800 billion won “special employee bonus”, celebrating 20 years since some sort of management initiative that’s credited – by Samsung – as bringing about the current period of prosperity.

Meanwhile, a “stronger domestic currency” is blamed for a further reduction of around 700 billion won.

In mobile, Samsung announced 5.47 trillion won in operating profit, but again that’s down from 6.7 trillion won in 3Q13.

We’re told to blame lower-than-expected sales of the Samsung Galaxy S4, while the iPhone is credited with stealing a significant amount of business over the holiday season, particularly in the US and Japan.

Samsung's 2014 is expected to be tougher still, with Apple and China Mobile jumping in the sack, while rumour has it the Californians will release a larger iPhone this year, much to the chagrin of the Galaxy Note series.

Ending on a random positive (why the heck not?), Engadget says Samsung's tablet sales doubled from 2012 to 2013. Lovely.

Read more about: Samsung Galaxy S4Android

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