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Samsung expects to set a new record with a $7.3 billion profit in Q3

Posted: , by Alan F.

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Samsung expects to set a new record with a $7.3 billion profit in Q3
Samsung has reported estimated third quarter earnings of $7.3 billion, setting a new record for the Korean based manufacturer. Strong sales of the Samsung Galaxy S III and Samsung GALAXY Note helped Samsung break out the black ink in the quarter. On the other hand, Apple ordered fewer chips and screens from its rival, having a negative effect on the numbers. In addition, Samsung spent a whopping $2.7 billion in the three month period on marketing, estimated Credit Suisse, with the company taking advantage of promotional tie-ins with the London Olympics.

The Samsung Galaxy S III helped Samsung set a new quarterly earnings record

The Samsung Galaxy S III helped Samsung set a new quarterly earnings record

206,000 employees of the company will receive a cash bonus triggered by the $25 billion profit that Samsung will post for the year. There is also the matter of the $1.05 billion that a jury in U.S. District Court awarded Apple after ruling that  Samsung had infringed on several Apple patents. The award could be tripled by Judge Lucy Koh following a December 6th hearing. Samsung on Thursday filed for a new trial claiming bias on the part of the jury foreman.

Concentrating on mobile, Samsung shipped 58 million smartphones, 20 million of which were the latest and greatest Samsung Galaxy S III model. Another well received models was the Samsung GALAXY Note. The sequel to the phablet, the Samsung GALAXY Note II will be introduced later this month in the states and is expected to at least double the sales of the original model, reaching 20 million units sold. Profits in the mobile division doubled to 5 trillion won ($4.5 billion USD) in the July-September period, accounting for two-thirds of group profits. Revenue for the quarter is expected to be reported as 52 trillion won ($46.8 billion USD).

Earnings will be officially released on October 26th. Analysts are expecting strong fourth quarter numbers. Citigroup's Henry Kim expects a strong October-December period although he sees the profit margin on the telecommunications sector dropping 5% to 15% because of higher spending on marketing.

source: Reuters

17 Comments
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posted on 04 Oct 2012, 23:58 4

1. Jusrertiner (Posts: 7; Member since: 16 Sep 2012)


Samsung expects to make money.

posted on 04 Oct 2012, 23:59 5

2. someones4 (Posts: 619; Member since: 16 Sep 2012)


i like this. The king of mobile. Nothing less is expected from the tenth largest company in the world.
http://en.wikipedia.org/wiki/List_of_companies_by_revenue

posted on 05 Oct 2012, 02:36 1

5. Target (Posts: 3; Member since: 05 Oct 2012)


Earnings made ONLY possible because of Apples ideas

posted on 05 Oct 2012, 03:38 7

7. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)


apple has never had an original idea, they steal existing idea's and claim them as there's

posted on 05 Oct 2012, 03:45 5

9. anywherehome (Posts: 971; Member since: 13 Dec 2011)


Nicely brainwased

posted on 05 Oct 2012, 06:48 5

12. AstronautJones (Posts: 271; Member since: 01 Aug 2012)


Yeah, because the Galaxy SIII and Note look so much like the iPhone, right?
Geesh, give me a break....

posted on 05 Oct 2012, 06:56 4

13. jironda (Posts: 4; Member since: 25 Sep 2012)


Of course they do look alike!!! They have rounded corners, which Apple invented!! :)

posted on 08 Oct 2012, 03:35

16. jroc74 (Posts: 4947; Member since: 30 Dec 2010)


Yea.....I wanted a Samsung phone so bad because of bounce back effect, round corners and a couple of icons.

:/

As far as looking like one....really look at the entire iPhone and a Samsung Galaxy S phone. They really dont look alike. Stop believing everything you read on the web.

posted on 05 Oct 2012, 00:05 8

3. MeoCao (unregistered)


SS must thank Apple for the GS3 sales boost it got after the verdict and iPhone 5 launch. SS must think it can't have enough suing from Apple LOL.

posted on 05 Oct 2012, 00:08 4

4. MrJerry (Posts: 394; Member since: 05 Oct 2012)


This article indicates that Samsung made less profit than Apple even though they sold much more handsets...and many ppl may think Apple is better based on this but the way I see is that Apple is freaking expensive making a lot of magins without proper returns.
For example Iphone 4s 16GB was $849 AUD in Sydney Apple store when it came out and like 2 months ago the price was still $800 and yet many people still can't see the problem here..

posted on 05 Oct 2012, 03:23

6. Shino (banned) (Posts: 196; Member since: 23 Jul 2012)


Nice, but there is a ''small'' detail missed here: Their profit will be 7 - 1 = 6bln. And if they lose the next trial(which they probably will) Number will go even further underwater:)

posted on 05 Oct 2012, 03:41 3

8. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)


mate can you hear me ....its just your so up apple your missing reality

apple the masters of stealing then convincing people like you they were the first.....funny thing is you believe them without question. anything apple say you accept.

posted on 05 Oct 2012, 07:54 1

14. Aeires (unregistered)


Your comment = nobody cares.

posted on 08 Oct 2012, 03:38

17. jroc74 (Posts: 4947; Member since: 30 Dec 2010)


Nothings final yet. I take it you are assuming n guessing.....

posted on 05 Oct 2012, 04:20 4

10. SamsungFan (Posts: 201; Member since: 16 Apr 2012)


IPhone s**k

posted on 05 Oct 2012, 06:04 2

11. someones4 (Posts: 619; Member since: 16 Sep 2012)


Apparently, samsung may get the apple verdict overturned. More resources for them to gain control.

posted on 05 Oct 2012, 07:55

15. droidspd (Posts: 15; Member since: 25 Sep 2012)


Well done Samsung!!!

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