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Samsung announces its Q1 2013 earnings, posts $7.9 billion profit!

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Samsung released its Q1 2013 earnings report last week and it everything looks great for the Korean giant.

Thanks to its strong smartphone and tablet sales, Samsung achieved an operating profit of 8.78 trillion won ($7.9 billion) - more than 50% higher than the same period of last year. The net profit was 7.15 trillion won ($6.45 billion) on 52.87 trillion won ($47.6 billion) of revenues.

Samsung expects the imminent worldwide launch of the Galaxy S4 flagship to have a massive impact on its financials next quarter.

The Koreans insist though that the competition in the smartphone field is fierce and more increased than ever. It looks like the war has just began...

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