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Samsung guidance for Q1 earnings: over 68 million phones sold

Posted: , by Alan F.

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Samsung guidance for Q1 earnings: over 68 million phones sold
With Samsung expected to report its first quarter earnings on April 26, the Korean based tech titan has released its profit guidance for the period as is its custom. The company says it expects to report first quarter operating profits of 8.7 trillion won ($7.7 billion USD). A survey of 42 analysts had forecast that Samsung would report operating profits of $8.3 trillion won for the period. Sales of mid-range models led the way. Samsung should report 52 trillion won in sales for the quarter, below forecasts of 53 trillion won.

The Samsung Galaxy S III, Samsung's flagship device

The Samsung Galaxy S III, Samsung's flagship device

While the period ended a string of five consecutive record quarterly earnings, the current period is expected to do very well because it will include the launch of the Samsung Galaxy S4. The company has over 30 models covering the low, middle and high end of the handset market which helped Samsung set a company record for the number of phones shipped in a single quarter to 68-70 million handsets, up from 63 million shipped in the prior quarter. Sammsung's top rival Apple is expected to report that its handset shipments dropped 30% during the same time period to about 30 million units. That would be a decline from the 47.8 million shipped in the prior quarter.

source: Reuters

13 Comments
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posted on 04 Apr 2013, 23:07 15

1. Nimit_Desai (Posts: 18; Member since: 29 Mar 2013)


Samsung FTW......!!!!!

posted on 04 Apr 2013, 23:11 8

2. kclgphilsbsa (Posts: 762; Member since: 21 Jan 2013)


Good for u..

posted on 04 Apr 2013, 23:13 14

3. rock_rock (Posts: 13; Member since: 04 Apr 2013)


Good job, Sammy :D

posted on 04 Apr 2013, 23:25 2

4. Hemlocke (unregistered)


Yet Android market share keeps falling...curious.

posted on 04 Apr 2013, 23:40 11

5. jcpwn2004 (Posts: 314; Member since: 18 Jan 2012)


lol source? I'm pretty sure android is dominating everywhere, even in the US it still has 52% market share.

posted on 04 Apr 2013, 23:53 12

6. xperiaDROID (Posts: 5210; Member since: 08 Mar 2013)


Samsung deserves it! Well done Samsung!

posted on 05 Apr 2013, 00:01 9

7. GALAXY-STORM (Posts: 328; Member since: 13 Oct 2012)


You are the boss.

posted on 05 Apr 2013, 02:08 2

8. darac (Posts: 2156; Member since: 17 Oct 2011)


SMARTPHONES, not phones.
Ease down on half assed writing, PA

posted on 05 Apr 2013, 06:46

9. TylerGrunter (Posts: 874; Member since: 16 Feb 2012)


Yes, I was also surprised cause they target 500 million phones for the year, and therefore 70 a quarter was far too low.
+1 for you.

posted on 05 Apr 2013, 11:30

10. Topcat488 (Posts: 1124; Member since: 29 Sep 2012)


Sorry Sammy my boi! But i'm hoping your not counting to many of those S4's that come with the Snapdragon 600 as part of the quota... Because we Samsung Fans aren't like the Apple peehs who will buy everything without question... We want Exynos 5 Octa or bust!

posted on 05 Apr 2013, 13:13

11. TheBitterTruth (unregistered)


You actually deserve dislikes.

posted on 05 Apr 2013, 13:45 1

13. Topcat488 (Posts: 1124; Member since: 29 Sep 2012)


You deserve a "Second Rate" smartphone... I want the same hardware they give to their home country Korea!!! That's the bitter truth, knuckle head.

posted on 05 Apr 2013, 13:13

12. TheBitterTruth (unregistered)


Congrats Samsung!

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