Samsung sees boost from smartphones

Samsung is a major employer here in Central Texas, so anytime they succeed, we succeed! – Larry

********************

Wall Street Journal 

 

Samsung Electronics Co. projected a sharp increase in first-quarter operating profit on strong sales of smartphones, a trend analysts expect to continue as the South Korean company begins selling its Galaxy S 4, the WSJ’s Min-Jeong Lee reports.

The company said Friday it expects an operating profit of between 8.5 trillion won (US$7.6 billion) and 8.9 trillion won for the three months ended March 31. That compares with a 5.7 trillion won operating profit a year earlier.

Samsung didn’t break down the operating profit figure by business units or provide an estimate of its first-quarter net profit. Investors will pay close attention to the telecom unit’s performance when the results are issued later this month, to check for signs of profit saturation.

 

Share this post:

Leave a Reply

You must be logged in to post a comment.

Subscribe to our campaign e-mail updates!