Samsung

Samsung is all set to announce their quarterly results by July 27th but following somewhat of a tradition for Samsung, they've gone ahead and released some expected numbers ahead of the full announcement.

Over the years, Samsung has been known to break a few records here and there and clearly they're not expecting this time around to be any different as they offer up a operating profit estimate of between 6.5 trillion won ($5.7 billion) and 6.9 trillion won ($5.9 billion) with their total profits coming in between 46 trillion won ($40 billion) and 48 trillion won.

If estimates are accurate, that would put them beyond their previous quarter record of 5.85 trillion won ($5.1 billion) for operating profit, which came in the first quarter of 2012. In other words, Samsung has a ton of cash and can only end up with more as sales of the Samsung Galaxy S III continue everywhere.

Source: Market Watch

 

Reader comments

Samsung expecting record profit earnings for Q2 2012

6 Comments

Darn capitalism. They should be ashamed of themselves for creating a product that people want and making a profit from it.

LOL, good for them, now where's my S3? Ha Ha