Samsung Beats Analyst Profit Expectations by 10%, Outsells Apple 2-to-1
April 26, 2013 12:20 PM
comment(s) - last by
(Source: Cult of Mac)
And that's all without the Galaxy S IV even; Samsung is almost even with Apple in profitability
While reviewers were
generally enthusiastic, but a bit critical
of Samsung Electronics Comp., Ltd.'s (
) hot new flagship phone --
the Galaxy S IV
-- the company has little to feel bad about currently. Even without the GSIV anchoring its Android tag team, Samsung
to crush rival Apple, Inc. (
) in unit sales and deliver a fiscal performance that blew past analyst estimates.
The high profit was a bit of a surprise --
of 10 analysts by UK-based
, a Pearson PLC unit (
), found an expectation of 8.0T won ($7.2B USD) in profit. A newer compilation
of 39 analysts' predictions showed an average expectation for 8.4T won ($7.6B USD) in profit.
Instead, Samsung delivered 8.8T won ($7.9B USD) profit, up over 50 percent from the 5.7T won ($5.1B USD) profit it
posted in the first calendar quarter of 2012
and 10 percent better than the early analyst estimates. The Android mobile division drove the big win. 6.51T won ($5.7B USD) of the profit -- nearly three-quarters -- came from the mobile unit. Total revenue came in at 52.87T won ($47.6B USD). These figures were in line with
released near the start of the month.
After years of Apple fans and shareholders mocking Samsung as "less profitable", Samsung is almost even with Apple in profitability. Apple reported its first quarter results at the start of the week, announcing its
first YOY decline in profit
in a decade.
Apple has seen its momentum halted by the
death of its iconic leader Steven P. Jobs
(in 2011) and then by
disappointment over the iPhone 5 sales growth
and hardware. Google meanwhile has surged as Apple's court bid to ban Android stalled [
], and as its OEM partners pounced on Apple in terms of hardware offerings. Stock and profit for Apple are riding at recent lows. Apple's supporters point to new products and refreshes, optimistically -- but Samsung is boasting the same upcoming events (see:
Samsung Smart Watch
, for example).
Here's a quick recap on how the two companies are stacking up:
Samsung appears poised to potentially pass Apple in profit in Q2. And early indications show that if the Galaxy S IV has any problem it will be in being unable to keep up with wild demand.
The phone is launching in coming weeks on 327 mobile carriers in 155 countries, backed by a massive global advertising campaign that kicked off this week. In the U.S. Samsung has paired with top brick-and-mortar electronics retailer Best Buy Comp., Inc. (
) to set up "mini-stores" promoting the phone within Best Buy's retail locations.
Galaxy S IV preorders are higher than expected [Image Source: Samsung]
, the very high level of preorders have surprised even analysts, and indicate that Samsung may struggle to fulfill demand. That's a pretty good problem to have, though.
Samsung hopes to sell
390 million smartphones
This article is over a month old, voting and posting comments is disabled
RE: Profiting off of fragile phones
4/27/2013 3:41:44 PM
With great Google spyware power comes great responsibility.
RE: Profiting off of fragile phones
4/28/2013 9:36:29 AM
??? I guess you troll'd me.
Sorry, starve bitch.
"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone
Samsung Galaxy S IV Reviews: Better Than Its Predecessor, But Most Prefer HTC One
April 24, 2013, 10:16 AM
Apple's Q2 Earnings Slightly Exceed Analyst Expectations, Sees First YOY Profit Drop in a Decade
April 23, 2013, 4:41 PM
Samsung to Break Another Profit Record, Creeps Closer to Apple
April 5, 2013, 12:34 PM
Samsung Planning to Release a Smart Watch
March 19, 2013, 10:42 AM
Galaxy S IV Smartphone Launches in NYC
March 14, 2013, 7:15 PM
Buoyed by Strong iPhone Sales, Apple Reports Revenue of $42.1B, $8.5B in Profit for Fiscal Q4
October 20, 2014, 5:21 PM
Windows 8.1 + Android "Sell Mini PC" w/ Bay Trail Creates New PC Form Factor
October 20, 2014, 5:07 PM
OnePlus to Open Pre-orders on October 27
October 20, 2014, 1:34 PM
Apple Releases iOS 8.1; Adds Apple Pay Support, SMS Relay, Instant Hotspot
October 20, 2014, 1:00 PM
Quick Note: Android Gmail App to Gain Yahoo, Outlook Account Support
October 20, 2014, 9:15 AM
Forbes: Microsoft's Smartwatch to Launch Next Month
October 20, 2014, 8:36 AM
Most Popular Articles
Google Launches "Same-day Delivery" Subscription Service for $95/year
October 14, 2014, 10:37 AM
Google Announces Android 5.0 “Lollipop”, Nexus 9 Tablet, and Nexus 6 “Phablet”
October 15, 2014, 12:41 PM
Ireland to Close Loophole Apple and Google Used to Evade EU Taxes
October 13, 2014, 10:45 PM
Update: Motorola Droid Turbo Coming Oct 28, 48-hour Battery Life Confirmed
October 19, 2014, 9:19 PM
Samsung Develops 802.11 AD Wi-Fi, But Will it be Sunk by Poor Penetration?
October 14, 2014, 4:30 PM
Latest Blog Posts
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information