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Samsung predicts record operating profit for Q3

Posted: , by Michael H.

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Samsung predicts record operating profit for Q3
Samsung is huge, and this latest quarter doesn't look to change that at all. The Wall Street Journal is now reporting that Samsung is estimating Q3 of 2013 to be a very big quarter for the company. In fact, Samsung is predicting that it has earned a record operating profit in the latest quarter of this year. Although, as expected, the predictions do show that the company's earnings growth has slowed.

Earnings growth was expected because the smartphone market in many regions is becoming saturated, and Samsung hasn't really made a hit in emerging markets yet. Samsung is estimating growth of between 22.8% to 27.8% from the 8.06 trillion won in operating profit posted a year earlier, but that is markedly less than the 47.5% rise it saw in Q2. Even so, Samsung is estimating that Q3, which ended September 30th, will have posted an operating profit of between 9.9 trillion won and 10.3 trillion won ($9.2 billion and $9.6 billion). Samsung says two-thirds of that operating profit comes from its mobile business.

This would make Q3 a new record, breaking the previous record posted in Q2 with an operating profit of 9.5 trillion won ($8.86 billion). Total sales for the entire company are expected to be somewhere between 58 trillion won and 60 trillion won, which would be an increase of 11% to 15% year-on-year.

source: WSJ




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posted on 03 Oct 2013, 22:11 2

1. D.Aceveda (Posts: 360; Member since: 30 Jun 2012)


No surprise here

posted on 03 Oct 2013, 22:17 6

2. iluvsonynokia (Posts: 130; Member since: 27 Aug 2013)


$100 product sells at $500 nothing to wonder

posted on 03 Oct 2013, 22:24 8

4. alltechinside (Posts: 246; Member since: 21 Apr 2013)


Not sure if you are trying to troll, but $100 is a huge exaggeration.....
Maybe around $200-$300 and sells for $500-$700

Other than nexus devices and some Chinese OEMs, all OEMs do the same thing to their phones....

posted on 03 Oct 2013, 22:46

6. iluvsonynokia (Posts: 130; Member since: 27 Aug 2013)


Sorry all I mean was the company is gaining over profit ,if Samsung is willing to reduce price around 5-10% ,they will get more market share and profit,at this moment only samsung have the potential to do so(sorry for bad English)

posted on 04 Oct 2013, 00:44 3

11. joey_sfb (Posts: 3000; Member since: 29 Mar 2012)


Congratulations to Samsung! My best wishes to Sony and Asus as well. Hope you guys would do well this quarter.

posted on 03 Oct 2013, 22:31 4

5. vincelongman (Posts: 1287; Member since: 10 Feb 2013)


That's what every OEM (Sony, Nokia, Apple, HTC, LG,... or business) does
(except for Nexus phones and some other Chinese OEM)

posted on 03 Oct 2013, 23:27 5

9. JMartin22 (Posts: 1218; Member since: 30 Apr 2013)


Says any person being duped by spending $850 on a product that actually costs only $219 to manufacture. Maybe you should look at Apple.

posted on 04 Oct 2013, 04:03

16. PAPINYC (Posts: 2305; Member since: 30 Jul 2011)


As opposed to a $100 4-inch quasi-phone selling for $700 (breakable glass) or $699 (for the plastic yet Crayola version)??

posted on 04 Oct 2013, 04:50

18. deewinc (Posts: 158; Member since: 21 Feb 2013)


of all flagship phones, S4 is the most expensive to built until packaging, but the iphones are more expensive than this unit.

posted on 04 Oct 2013, 06:44

19. PhoneArenaUser (Posts: 5480; Member since: 05 Aug 2011)


Then what about Apple products, they even more overpriced than Samsung's products.

posted on 03 Oct 2013, 22:18 1

3. GeekMovement (Posts: 1505; Member since: 09 Sep 2011)


I'm gonna give Samsung a break and look into other companies while they're enjoying their big numbers for the meantime.

posted on 04 Oct 2013, 02:09

13. JC557 (Posts: 1128; Member since: 07 Dec 2011)


I'm doing this very thing. I had a long list of Samsung phones, all of which were very nice. My first phone was the Samsung V205 with its awesome (at the time) camera and then I went micro when I bought he S200. After moving to Verizon I got the A970 (optical Zoom!) and A990 (twisty display), both great flip phones with innovative features. Then came the Fascinate and Droid Charge (both used). The Galaxy S3 and S4 have a nice feel to them but didn't care for them too much and the same goes for any of the Notes.

I've gone the HTC (Thunderbolt, Rezound) and LG (Spectrum 2) route and their phones are very solid. I would be sporting a blue HTC One had I not heard about the new Butterfly announcement. If the iPhone had a 4.3 - 4.5" display I probably would've gone to that camp.

posted on 03 Oct 2013, 22:54 1

7. chemhaz (Posts: 160; Member since: 04 May 2012)


I think Sammy should be thanking Apple for the priceless media attention (negative or otherwise) over the years, especially the arguement Apple put up that Sammy "copied" the iPhail.

Start putting that sentiment out there any people engage in discssions/debates and ask "why they are paying so much more for a phone that Apple is so hell-bent on proving is the "same" as theirs?"

posted on 03 Oct 2013, 23:21

8. c.hack (Posts: 514; Member since: 09 Dec 2009)


Not that Sammy suddenly promising fingerprint sensors, 64 bit processors and selling a gold phone immediately after the iPhone 5s came out is copying, noooo. Way to innovate Sammy. Love the s-pen, makes your Bloat-3 feel like a Palm Pilot. Way to innovate.

posted on 04 Oct 2013, 00:19 4

10. chemhaz (Posts: 160; Member since: 04 May 2012)


Different tools for different jobs, in field work I can get a digital signature and finalise a contract on the spot with my Note. Not the same approach with iP5s.... I just imagine asking, "now would you please stick your finger on my ring to verify your authorisation" ouch, would you like lube with that ?

Meh, gold phones have been around for decades, so no-one can claim that prize.

Also the 64 bit is in Apples best interests, this is a fantastic business innovation, top points go to Apple on re-invigorate FUTURE sales by making older models redundant. When you fragment the app store into 32 and 64 bit apps give it 2-3 years and only new apps will be in the latter format, so you can toss your current 32bit IP5/C in the trash as it will be frozen in time as 64bit apps are not backward compatible (if app developers go that way) . It’s a great way to kill off those darn pre-loved second hand phones that keep coming up like regurgitated apple pie on eBay diluting new phone sales.

posted on 07 Oct 2013, 10:55

20. aries.phills (Posts: 133; Member since: 17 May 2011)


HAHAHAHAAHAHHA!
Chemhaz! You obviously nailed it so neatly.
Bravo bro!

posted on 04 Oct 2013, 04:24

17. willard12 (Posts: 815; Member since: 04 Jul 2012)


Maybe you failed to actually read the article, but the gold gs4 came out on August 27th, BEFORE the iphone 5s. If you're wrong about that fact, anything else you have to say is pretty much irrelevant.

posted on 04 Oct 2013, 01:00 1

12. itsdeepak4u2000 (Posts: 2689; Member since: 03 Nov 2012)


Very good Sammy keep it up. Still Sammy's phones are more affordable than other big OEMs.

posted on 04 Oct 2013, 03:20 1

14. twens (Posts: 663; Member since: 25 Feb 2012)


I am so glad they are seeing profit. This helps them to give us innovative products like the note 3. If not for sammy smartphones will practically be dump phones. But thank God when it comes to smartphones the galaxies are indeed the smartest.

I believe sammy is on the right track with its galaxies and note lines. How else do we put all these power that the fons are shipping with without necessary software to take advantage of them? you claim your iphone is powerful yet you are limited to a tiny screen and everything you want to do you have to download an app first. Just plain stupid and boring. Get a nokia 3310 instead

posted on 04 Oct 2013, 03:54 4

15. Tsepz_GP (Posts: 822; Member since: 12 Apr 2012)


Excellent work by Samsung, well deserved, after all once again they have the best smartphone: Galaxy S4, the best phablet: Galaxy Note 3, the best Android tablet: Galaxy Note10.1 (2014) and the best Smartwatch: Galaxy Gear, they've done a great job of marketing their products to, well done to them, othdr manufacturers could learn a lot.

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