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Apr 6, 2013

Samsung eyes Operating Profit of Q1 $7.7 Bn, Up by 53%

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Samsung Electronics
Samsung Electronics of South Korea, the leading electronic company, has been speculating that its operating profit for the first quarter  would go up by 52.9 per cent to  8.7 trillion won.

However, the official results over the earnings would be made public later this month. 

With gaining good sales in the smart market, Samsung's profit was increased in2012.

Sales in the first quarter of 2013 were expected to reach 52 trillion won, up 14.9 percent from a year earlier.

Analysts say, though Samsung overtook Nokia and Apple in smart phones last year, Apple was twice as profitable as Samsung in terms of gross profit margin,

According to Hong Kong-based market researcher, Samsung Electronics is estimated to have sold 25 million smart phones each month this year, which puts its quarterly sales at over 70 million units.

It also said, Samsung continued to dominate the global smart phone market in terms of market share, with its stake in the first two months of the year standing at 35 percent.


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