[private]The South Korean company Samsung Electronics the world’s largest manufacturer has announced its bigger profit record for quarterly results, which is greater than before because of sales of smart phones and components including memory chips.

Samsung announced its net profit for April and June, rise of 4.28 trillion ($3.6 billion, £2.3billion, 83 % for same period of last year. The revenue of company rose by 17 % to 37.89 trillion won from 32.51 trillion won last year.

Even though Samsung announced its strong results also warned about struggle to maintain such a high profit.

Robert Yi, company’s head of investor relations, said that, “In the second quarter, our component business performed very strongly, yet it was a more challenging quarter for our set businesses. With intensified competition throughout the digital media and mobile industries going forward, it may become a challenge to maintain current profitability levels,” he said.

There is no doubt that profit is much better than predicted, in the coming moths analysts focused more on the company’s restrained viewpoint.

Lee Ka-Keun at IBK Securities said that, “A slowing global economy is a major concern as it will dent demand. [Chip] prices may fall with excessive supply amid steep competition”.

Samsung Company is the world’s largest manufacturer of flat screen televisions and it ranks as the second largest manufacturer of mobile phones, behind Finland’s Nokia.[/private]