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

 
There are 6 comments

dabaum says:

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

glazedfaith says:

Ha ha. Seriously though...

gregmcph says:

That's a whole lot of win... won.

noszero says:

HTC tried. They have awesome hardware but a planet cat compete with a GALAXY.

Jayshmay says:

Funny post noszero!!!

horacenick says:

Thank you sir for pointing that out