Welcome to Apple’s world: Samsung tumbles despite record $8.3 billion Q2 profit

[Wireless News]

Samsung shares tumbled almost 4% on Friday as the company pre-announced record second-quarter earnings that still missed analysts’ sky-high consensus. The South Korean consumer electronics giant estimates that Q2 2013 profit came in at a record-high $8.3 billion on $50 billion in revenue, but analysts were looking for a quarterly profit of more than $8.9 billion. Despite the fact that Galaxy S4 shipments remained strong last month — Samsung reportedly topped 20 million units shipped cumulatively earlier this week — analysts are still worried that Samsung cannot maintain the rapid growth it has enjoyed in its smartphone division. Samsung’s Q2 earnings estimate of $8.3 billion represents a 47% increase over the same quarter in 2012 and an 8% improvement over

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