A Whopping $7.7B Profit for Samsung Q1 2013
Posted: April 9, 2013 by Maja Johnson
With the end of the first quarter of 2013 being just around the corner, Samsung has already announced their expectations on their estimated profits. It is believed that 2013 will outrun all of the companies previous first quarters as they are expecting a mind-blowing $7.7 billion for the first three months of 2013.
According to Samsung's numbers, the begging of 2013 is a significant step forward. Compared to last year's numbers of the same period, the company has made an increase in the profits for 53%. The profit comes mainly from the sales of Samsung's smart phones, with around 60-70 million units planned to be sold all over the world in just the first quarter of the year. Cough – Galaxy.
However, these numbers are just estimates. The full report will be released at the end of the month, on April 26. In regards to a few quarters back, the Q1 from 2013 may not be Samsung's best period overall. In the last period of 2012 the company made $7.8 billion. This period included the release of Samsung Galaxy S III and the Galaxy Note II which is believed to play the key role in the earnings. This success comes in the same time as Apple's iPhone reaches a small bump on the road with its sells slightly decreasing.
Another thing worth mentioning is that Samsung is planning to release a new smart phone on the market, the Galaxy S4, later this month. With this new release, the profits of this Korean firm will surely rise. Nevertheless, this is a market where numbers talk. We can only wait and see the company's reports and whether they will finally dominate the mobile phone market around the globe.