Samsung's second-quarter profit is less than the expected but stock price still rise over 5%

[REVIEW] Samsung's second quarter results below expectations, but phone supremacy established and emerging markets on the strong demand for digital products is expected, the market is still optimistic about the performance of the Samsung market outlook.

Samsung today announced second quarter net profit below market expectations, but expected to usher in a higher demand on the market the company's flat panel and mobile phone in the third quarter, Samsung (Samsung Galaxy SIII Back Covers) will continue to maintain the dominance of live global mobile phone manufacturers. Boosted by the above message, the highest increase of Samsung shares after the earnings release was more than 5%.

Samsung today said that emerging markets may stimulate demand for the company's digital home appliances, while under the European economic downturn adversely affected, the TV needs of the markets of developed countries could decline further.

At present, the global smart phone market with annual sales expected to reach $ 219 billion. Investment institutions KTB Asset Management fund manager Lee Jin Woo said: "For Samsung, the third quarter is crucial. The Galaxy S III (Samsung Galaxy SIII Cases) mobile phone sales and chip business is able to usher in turn is the most important."

Samsung mobile phone business, Vice-President Kim Hyun Joon in the earnings conference call after the meeting, said that sales of the new Galaxy S III (Samsung Galaxy SIII Case) is very "robust" and the phone is expected to be achieved "great success", which will help on enhancing the performance of the third quarter.

Kim Hyun Joon said: "We want to see third quarter performance remains robust and we will make every effort to take full advantage of market opportunities."

As of Seoul on Friday afternoon at 2:30, Samsung shares yesterday closing price rose 5.2% to $ 1,233,000 won. The stock has risen during the year 16 percent over the same period Apple's stock price has risen 42 percent, Sony shares are down 32%.