Home » Uncategorized » Samsung Predicts $9.4 Billion In Profit For Q3 2013
samsung-q3-2013

Samsung Predicts $9.4 Billion In Profit For Q3 2013

samsung-logo-mobilemag

Back in July, investors were disappointed with Samsung’s results for Q2 2013 though record profits were posted. But as expected at the time, the company has done better in the third quarter. The company’s earnings guidance for Q3 of 2013 is showing record breaking numbers.

Samsung is predicting about 59 trillion won (around $53.9 billion) in total revenue and operating profit of about 10.1 trillion won (around $9.4 billion) for the third quarter.

samsung-q3-2013

As you might know, Samsung has always been very accurate with its estimates. So the numbers they have just released should be correct. If so, we are looking at an increase from the operating profit of 9.53 trillion won (about $8.5 billion) and sales of 57.46 trillion won (about $51 billion) Samsung reported in Q2.

Back in Q3 2012, the company posted sales of 52.18 trillion won ($48.5 billion) and profit of 8.12 trillion won ($7.5 billion). So Samsung’s latest report suggests an increase in revenue of over 13 percent year-over-year.

But everyone will surely be interested to know about the company’s smartphone sales numbers. Sales of smartphones are probably what helped Samsung to break records again. According to estimations made by Shinhan Investment Corp. analyst Kim Young Chan, the company’s Q3 handset sales reached 85 million units (an increase of 10 percent from three months ago).

According to some analysts, shipments of mid- to low-end models have risen sharply. And it is expected that the company will report record- breaking numbers in the fourth quarter as well thanks to increased sales of high end devices like the Note 3.

According to Kim, “Sales of Galaxy Note 3 released in September are expected to pick up. We forecast 10 million units will be sold in the fourth quarter. Samsung’s total smartphone sales are projected to increase to 91 million units in the fourth quarter“.

But while its joy over at Samsung, HTC has confirmed that the company is losing money.

About Leo Xavier

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

131129-amz

Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.

131129-google

Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games

131129-gtab

Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...

131128-diy

Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.

131128-apple

No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.

  • http://laptapos.com/ laptapos

    This is great news for Samsung. I hope they will not become the next Blackberry.