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Thursday, October 4, 2012

Engadget: Samsung expects around $7.28 billion in operating profits for Q3, setting another record

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Engadget
Engadget
Samsung expects around $7.28 billion in operating profits for Q3, setting another record
Oct 5th 2012, 00:33

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Samsung has provided investors guidance ahead of its full Q3 earnings report that's due before October 26th, and as has been the custom, the numbers are huge. It's expecting a fourth straight record quarter with overall operating profits of 8.1 trillion won ($7.28 billion), an amount that would more than double last year's results for the same period and up sharply from Q2s $5.86 billion, on sales of 52 trillion won ($46 billion). We'll have to wait for the full report to see numbers broken down by department, but it's safe to say that there's a lot of Galaxy S IIIs (it ticked past 20 million last month) adding up to reach that pinnacle. Reuters and Bloomberg have predictions from various analysts on how many handsets, RAM chips and flat-panel HDTVs were sold, but if its legal battle with Apple ends in the worst-case scenario, at least we figure Samsung will have enough left over to keep the lights on.

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Samsung expects around $7.28 billion in operating profits for Q3, setting another record originally appeared on Engadget on Thu, 04 Oct 2012 20:33:00 EDT. Please see our terms for use of feeds.

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Written by Hasloo Network staff.