Samsung expecting quarterly profit of $7.7 billion

Samsung expecting quarterly profit of $7.7 billion
Samsung has announced quarterly earnings guidance this week, saying they expect $7.7 billion in profits for the Q1 2013, a large 53 percent jump year-over-year (YoY).

While still massive, the profit will be slightly smaller than the company's fourth quarter record of $8.3 billion and break Samsung's five quarter streak of new records.



The company will announce the earnings later this month.

Seeing a slight dip was expected as the Galaxy S4 is not ready for launch until later this month, meaning there should be a strong sales bump in the Q2.

Samsung sold over 70 million smartphones during the quarter, according to estimates.

Written by: Andre Yoskowitz @ 6 Apr 2013 20:54
Tags
Samsung corporate earnings Samsung Galaxy S4
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  • 2 comments
  • Picazzo

    Hey Crapple ...how's that Iphone 6 looking....more like a turd in the punch bowl everyday....rockon Samsung '-)

    8.4.2013 10:18 #1

  • guy8689

    Originally posted by Picazzo: Hey Crapple ...how's that Iphone 6 looking....more like a turd in the punch bowl everyday....rockon Samsung '-) What does Apple have to do with this post?

    8.4.2013 18:27 #2

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