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Samsung will earn $7.7 Billion in Profits for Q1 2013

5 April, 2013 Samsung


Samsung has announced its earnings estimate for Q1 2013, and the numbers are looking amazing, mostly due to good samsung smartphone sales.


The company estimates 52 trillion won ($46 billion) in sales and an operating profit of 8.7 trillion won ($7.7 billion) for the quarter, besting Q1 2012 by 53% and increase of 15 percent from a year ago.


Counterpoint Technology Market Research said last month that it expected Samsung's smartphone sales to top 70 million during the first three months of this year, further expanding its share in the global smartphone market. The market research firm estimated Apple's iPhone sales to reach 35 million during the same period.


Samsung's financials have been improving quarter after quarter, and with its new flagship smartphone - Samsung Galaxy S4 - coming in April, things are definitely looking good for the Korean giant.


Link: Reuters


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