If were wondering how the larger screen smartphones from Samsung such as the Samsung Galaxy S III/4 Note 1-2, have been doing, all you have to do is look to Samsung's latest phablet-sized profits. In the first quarter Samsung had a 42% increase in profits.
In Samsung's latest earning report, it had a whopping $40 in cash and equivalents. Its huge profit comes largely from smartphones, which generate cash because they don't require much capital investment.
The mobile business accounted for 74% of Samsung's operating profit, while consumer electronics such as TVs and components made up the rest in the first quarter of 2013.
Samsung stated that it maintained the steady pace of Galaxy S III sales and improved sales of the Galaxy Note II. Tablet growth continued momentum.
Samsung expects sales to remain flat in the second-quarter and increase the second half of 2013.
Robert Yi, Samsung’s head of investor relations, said: “We may experience stiffer competition in the mobile business due to [the] expansion of the mid- to low-end smartphone market.”