South Korean electronics titan Samsung expects to take in an enormous $7.7 billion (8.7 trillion won) operating profit for the first quarter of 2013, the company said in its latest earnings guidance.
Samsung is one of the most formidable and popular electronics companies on the planet, and we’ve seen it post stunning quarterly earnings before. Just last quarter, the company posted a net profit of $6.6 billion. The company has a tremendous hold in the mobile market and also sells popular TVs, laptops, and appliances.
Not surprisingly, Samsung’s mobile unit is the biggest driver of its revenue. More than 60 percent of its revenue last quarter was generated from sales of smartphones including the Galaxy S III and Galaxy Note II. This next quarter will likely be no different.
The company has another huge release on its plate for this quarter as well — the Galaxy S IV, which should hit stores at the very end of the earnings period. That phone is sure to be a massive seller, just like the Galaxy S III has been.
Samsung will post its full quarterly results on April 26. We’ll be sure to let you know if the company was able to meet — or maybe even beat — its guidance.
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