Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6508
    +0.0008 (+0.12%)
     
  • OIL

    82.67
    -0.14 (-0.17%)
     
  • GOLD

    2,331.80
    -6.60 (-0.28%)
     
  • Bitcoin AUD

    98,674.97
    -3,855.08 (-3.76%)
     
  • CMC Crypto 200

    1,386.30
    -37.80 (-2.65%)
     
  • AUD/EUR

    0.6076
    +0.0006 (+0.10%)
     
  • AUD/NZD

    1.0949
    +0.0008 (+0.07%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,267.95
    +66.68 (+0.39%)
     
  • NIKKEI 225

    37,791.27
    -668.81 (-1.74%)
     

Samsung posts 13.4% rise in Q1 net profit

The strong Galaxy S7 (pictured) performance came in the face of a flattening global smartphone market that saw arch-rival Apple report its first-ever drop in iPhone sales since launching the iconic handset

Samsung Electronics, the world's largest smartphone maker, reported Thursday a 13.4-percent on-year rise in net profit for the first quarter, on strong sales of its new flagship Galaxy handset.

Net income for the January-March period stood at 5.25 trillion won ($4.56 billion), up from 4.63 trillion won in the same quarter last year, the company said in a regulatory filing.