Samsung looks forward to a big 2013
Samsung has announced that it expects to earn record profit of $8.3 billion in its most recent quarter. This marks five straight record quarters in a row for Samsung. However, Samsung's record-setting run could unravel in the quarter that ends in March of 2013 due to weaker seasonal demand reports Reuters.
"Investors are a bit concerned that Samsung's momentum may slow in the first half. The smartphone market is unlikely to sustain its strong growth as advanced markets are nearing saturation despite growth in emerging countries," said Kim Sung-soo, a fund manager at LS Asset Management.
Samsung continues to outpace its closest rival, Apple, despite the launch of the iPhone 5. Samsung has seen continued strong sales from the Galaxy S III and Galaxy Note II during Q4.
Galaxy Note II
Reuters does report, however, that shipments of Samsung's Galaxy S III smartphone are likely to have slipped to around 15 million units in the current quarter from 18 million in the quarter that spanned July through September. Analysts believe that the Galaxy Note II sold around 8 million units during the same timeframe.
Samsung predicts that it will increase it smartphone sales by more than one third this year and widen its lead over Apple even further. Samsung predicts it will sell 390 million smartphones in 2013.
Source: Reuters
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