Forbes - Media & Entertainment: Samsung Misses As High-End Smartphones 'Hit A Wall'

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Forbes - Media & Entertainment Forbes - Media & Entertainment

Samsung Misses As High-End Smartphones 'Hit A Wall' Jul 5th 2013, 18:34, by Parmy Olson, Forbes Staff Samsung's rapid growth in the high-end smartphone market may be reaching a plateau, even as the company predicted a record quarterly profit for the second quarter. Sales at its electronics division grew 20% to 57 trillion won, and the company said its second quarter operating profits would be between 9.3 and 9.7 trillion won. While that represents a 47% increase from last year, it's up just 8% from the previous quarter. The pace of sales in its mobile division - representing roughly 70% of profits - appears to be slowing. Media files: pt_1011_9589_o.jpg?t=1373051457

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