Posted on 06 April 2013 by pinoytutorial
Though the full data is yet to be released on April 26, Samsung had already announced its earnings for the first quarter. The excitement may seem to have come from the fact that the Korean company had experienced an increase of 53 percent in profit for the period of January to March. Gaining a whopping $7.7 billion in total profit, this is another record setting quarter for the company and it?s their fifth in a row. Moreover, the upcoming Galaxy S 4 may have fueled more expectations from the smartphone giant as it is scheduled to hit the store shelves in the next few weeks.
Samsung?s total worth is around $220 billion which makes the company a big adversary of Apple. Estimates show that the total sales of smartphone fall somewhere between 68 million and 70 million which is an increase from last quarter?s record of 63 million. From among its wide array of handsets, the most popular models are the Note and the Galaxy S series.
Samsung has found its fortune with its smartphones wherein the Galaxy S III is their best selling model. Those models which are on the lower-end bracket are also selling well in India and China. The company?s mobile division scheme seems to be doing well as it had raked in 6.25 trillion won in profit.
(source)
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Tags: earnings, galaxy s4, profit, q1 profit, Samsung
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