Thursday, 5 July 2012

Samsung expects record earnings for Q2 thanks to all those Galaxy phone sales


Samsung's complete earnings results for the April - June 2012 period won't come out until July 27th, butReuters reports its early guidance to investors estimates the company's profit at a record 6.7 trillion won ($5.9 billion). That's mostly due to strong sales of the ever-expanding (and increasingly targeted bylawsuits) line of Galaxy smartphones. Sales forecasts are slightly below earlier estimates, and while there's no specific numbers for each division, a Bloomberg breakdown of analyst predictions suggests there should be more good news to go around later this month.

No comments:

Post a Comment