Samsung Q1 2014: ships 113 million phones, 13 million tablets

Samsung Electronics today said it shipped 113 million mobile handsets in Q1 2014, with 70 percent accounting for smartphones. Tablet shipment was 13 million. Its rival Apple shipped 16.35 million iPad tablets and 43 million iPhones.

The Korean devices vendor expects second-quarter handset shipments to be similar to the January-March period, though smartphones should make up around 80 percent of handset shipments in the April-June quarter.

Samsung said the IT & Mobile Communications (IM) division – consisting of Mobile Communications and Networks – Q1 2014 revenue was 32.44 trillion won. Operating profits rose 18 percent to 6.43 trillion won in the March quarter. Out of the total IM earnings, the mobile business was responsible for 31.36 trillion won.

Samsung ships 113 million mobile handsets and 13 million tablets in Q1 2014

Samsung Galaxy S4 and Galaxy Note 3 were the growth drivers.

Samsung shipped 13 million tablets in Q1 2014. For comparison, Apple shipped 16.35 million iPad tablets and 43 million iPhone smartphones in its Q2 FY 2014.

The Korean devices maker said smartphone and tablet demand is expected to slightly increase under continued weak seasonality. Based on initial response from the market, Samsung expects Galaxy S5 to surpass sales of Galaxy S4.

Meanwhile, Samsung Q 2014 revenue slipped 9 percent to 53.68 trillion won. Its net profit for the quarter increased by 270 billion won to 7.57 trillion won.

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