Samsung has beaten both investor expectations and its own predictions to post a record $9.56bn profit for the third quarter of 2013. The Korean firm saw strong sales in both its tablet and semiconductor ranges, while high-end smartphone sales remained steady, if not stellar.
The company took $55.59bn in revenue, up three per cent on the second quarter of this year, according to its financial results posting [PDF].
Its high-end smartphone offering, which includes the Galaxy S4 and the newly released Note 3, was said to have shown "solid" sales performance. Samsung has sold 40 million S4 handsets, a figure that disappointed both the company and its investors it was recently reported. "Mass market" devices such as the Galaxy Ace 3 and the S4 Mini drove the firm's smartphone division to a two per cent revenue hike.
Tablet sales also saw a boost, with much of the growth attributed to this year's Galaxy Tab 3 range expansion.
The firm's mobile offering has been lapped up by consumers in recent years, with its flagship Galaxy devices drawing much public and press attention. However, it is the cheaper, low to mid-range smartphones that show Samsung's real strengths, grabbing a healthy portion of both Android and overall smartphone market share.
Developing markets such as China – where these cheaper devices are popular – are hugely important to smartphone makers, with Samsung's chief rival Apple making inroads into the country this year thanks to multiple visits from its chief executive Tim Cook coupled with the launch of the new, slightly cheaper iPhone 5C.
Samsung's chip revenues jumped significantly, with demand driven by the launch of third-party smartphones and mobile devices that contain the chips. The firm's semiconductor division enjoyed 12 percent gains quarter-on-quarter as a result.
However, the company saw slight weaknesses in the TV market, with revenue from TV panels falling by seven per cent despite the firm selling more units than in the second quarter.
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