Authored by:

Samsung's Profits Estimate Up 45% to $7.75 Billion

Authored by: Steven Blum — Apr 5, 2013
sasmungsf
© Samsung

It's still a good time to own stock in Samsung. 

The Korean tech bohemith has announced their earnings estimate for Q1 2013, and the company is swimming in money (naturally). Samsung thinks their operating profit will land between 8.5 and 8.9 trillion won ($7.56 – $7.92 billion) for the quarter. That's a healthy increase over the same quarter last year, when the company made somewhere between 51 and 53 trillion won ($45.39 - $47.17 billion).

Samsung made 45% more profits than last year, even though sales have increased only around 13%.  Moreover, the Galaxy S4 hasn't even reached the market yet. When it does, the company can expect additional revenue; likely an additional $10 billion or more, if Galaxy S3 sales are any indication. 

Samsung remains the world's biggest technology company in terms of revenue. In the smartphone world alone, the company makes over 30 models, at all sorts of price levels. Recently, a report emerged which said Samsung wanted to sell 500 million smartphones by year's end. 

That said, Samsung will have to work hard to keep up with Apple in the profit sector. Apple made almost double Samsung's profits the same quarter, despite having similar revenue. 

Why do you think Apple continues to beat Samsung in the profit arena and do you think Samsung will ever catch up?

Source: The Verge

Steven Blum has written more than 2,000 blog posts as a founding member of AndroidPIT's English editorial team. A graduate of the University of Washington, Steven Blum also studied Journalism at George Washington University in Washington D.C. for two years. Since then, his writing has appeared in The Stranger, The Seattle P-I, Blackbook Magazine and Venture Villlage. He loves the HTC One and hopes the company behind it still exists in a few years.

4 comments

Write new comment:
  • Rolfhu Apr 7, 2013 Link to comment

    Too many people still pay far too much for I**** products. Sooner or later that will change and apple falls behind .

    0
  • jesus corona Apr 6, 2013 Link to comment

    profit its just on phones or everything?

    0
  • ljhaye Apr 6, 2013 Link to comment

    Don't forget that Samsung smartphones for several operating systems not just Android.

    0
  • dezarai trim Apr 6, 2013 Link to comment

    kmugmm. ghyggj hhvbhvvgvhj :hhjigbyhy jmkmjhnkom. jnsjdjjhcjsliu jdidjcjjjcjeimkkkkkkkqpôô38388838%89
    jdjcn ncdalskxxcjdirjdidd ddjddrm. ieejaasidjxijccn. idmcnh/nncicm-kxkxikadqqassswqawzazaa
    djccjj

    0