Samsung Electronics, the world-famous South-Korean manufacturer of computer electronics, has recently reported on its financial performance in Q3 2013. It turns out that the company' s net income is up by 26% during the reporting period and is currently around 8.24 trillion Won or $7.76 billion. For comparison sake, in Q3 2012, the figures were around $6.17 billion.
Experts say that such a huge success is mainly caused by the fact that the new mobile devicescalled Galaxy S4 keeps enjoying popularity worldwide. Another factor that contributed to the income growth is higher prices on computer chips manufactured by Samsung.
At the same time, the company's proceeds are up by 13,2% to $55,57bn. The operating profit is $9,65bn (+26%). The company's segment of mobile devices is still the biggest and most stable contributor.
Apparently, the company's stock is gaining value on strong performance. The chart below, courtesy of Masterforex-V Academy, confirms that:
