Among the knock-on results of Samsung's stratospheric rise to fame is cash. Lots of money. Samsung is expecting a 53 percent increase in Q1 profits within the same period?this past year, with as many as $7.7 billion.
That vast operating profit figure originates from an earnings forecast launched by Samsung today. It's lower, however, from the finish of 2012, which incorporated Christmas sales, using the 4th quarter of??2012 recording an income of $8.3 billion.
READ: Samsung Universe S4 hands-on review
A primary reason Samsung's profits might have dropped slightly on last year's pertains to the announcement from the Universe S4. To put it simply, customers are suppressing purchases before the new flagship phone from Samsung is launched on 26 April.
Experts at Counterpoint Research suggest Samsung has handled to change 25 million mobile phones monthly in 2013. This could total 70 million models offered within the first quarter, which tops the 63 million handled formerly.?
Apple, Samsung's nearest market rival, handled nearly double the amount profit of Samsung in Q1 2013. With record earnings of $13.1 billion at the beginning of the entire year, Apple continues to be world's greatest technology company with a significant margin.
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Samsung profits likely to double on last year's in latest earnings call initially made an appearance on http://world wide web.pocket-lint.com on Comes to an end, 05 Apr 2013 10:07:00 +0100
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