Samsung

Estimated figure still falls short of analyst expectations

Samsung has published its estimated Q2 2013 profits and sales figures, showing record-high operating profits of 9.5 trillion Korean won ($8.3 billion), an increase of 47 percent year-on-year. Second-quarter sales were estimated at 57 trillion won ($49.9 billion). The estimates come ahead of the publication Samsung's full Q2 results on July 26.

However both figures fell short of analysts' expectations, according to a report from Reuters. Averages from 43 polled analysts produced forecasts of 10.16 trillion won in operating profits and 58.7 trillion won in sales.

Samsung's strong Q2 follows the global launch of the Galaxy S4, which co-CEO JK Shin recently revealed has shipped 20 million units worldwide.

Source: Reuters

 

Reader comments

Galaxy S4 set to push Samsung to record-high Q2 profits

10 Comments

I wonder how these analysts get their numbers. Even apple didn't achieve the analysts expectations

It is pretty much the same the thing that happened to Apple. Their Profit Growth slowed and all hell broke loose. Victims of their own success, Apple and Samsung. Samsung is doing great, no doom to be spelt there.

The same analyst who never saw the housing bubble and major corporations irresponsible betting in stock markets that almost brought on a global depression?

Analyst only write what the corporate overlords tell them to write

I'm glad to see Samsung making good profits. To have at least one major Android phone maker taking serious market share from Apple is important for the Android future. To do that and keep doing it they have to make a profit.

I also value SOME of the diversity Samsung provides; I will be very interested to see a Note 3, it may well be my next device. Samsung phones still have user replaceable batteries and allow upgraded storage; which I consider essential if you own and use a device for more than 2 years. The Camera on a GS4 is still among the best (for my user profile). Its just a shame we don't have Nokia in the Android fold - I would have been buying a Nokia, just for the camera!

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Why mentioned the prediction? They were really close to meeting them..... Won

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Profit forecasts don't necessarily have a relationship to the health of a company. They're just part of the formula that's used to determine market value. At the end of day, investors only care about the return on their investment, which means chasing the next hot thing. Signs of cooling into a stable and mature business makes investors nervous, ergo the state of our economy.

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I don't consider the rate of Samsung growth to have slowed...the greater the market share, the lower the potential for PERCENTAGE growth from year to year, even when the growth is still huge. These analysts really do pull numbers out of their asses, and then act shocked when a company doesn't meet those numbers.

@Alex Dobie

Thanks for the info.

Seems like Samsung is turning into a real giant in the Smartphone field now a days. Keep it up.

Thanks in Advance