backtop


Print

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
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





"Let's face it, we're not changing the world. We're building a product that helps people buy more crap - and watch porn." -- Seagate CEO Bill Watkins



Latest Headlines



Most Popular ArticlesiPhone 8 – OLED Screen & 3D Laser Tech
July 14, 2017, 7:45 AM
The Best 4K Monitors
July 15, 2017, 6:30 AM
Dell XPS 27 – Large Screen PC AlO with High-End Performance
July 10, 2017, 7:22 AM
The Upcoming Oculus VR headset
July 14, 2017, 6:43 AM
Comparison: Rock64 vs Raspberry Pi 3
July 11, 2017, 6:53 AM

Latest Blog Posts






botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki