Samsung guidance for Q1 earnings: over 68 million phones sold

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.

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

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13 Comments

1. Nimit_Desai

Posts: 18; Member since: Mar 29, 2013

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

2. kclgphilsbsa

Posts: 765; Member since: Jan 21, 2013

Good for u..

3. rock_rock

Posts: 13; Member since: Apr 04, 2013

Good job, Sammy :D

4. Hemlocke unregistered

Yet Android market share keeps falling...curious.

5. jcpwn2004

Posts: 314; Member since: Jan 18, 2012

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

6. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Samsung deserves it! Well done Samsung!

7. GALAXY-STORM

Posts: 328; Member since: Oct 13, 2012

You are the boss.

8. darac

Posts: 2156; Member since: Oct 17, 2011

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

9. TylerGrunter

Posts: 1544; Member since: Feb 16, 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.

10. Topcat488

Posts: 1417; Member since: Sep 29, 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!

11. TheBitterTruth unregistered

You actually deserve dislikes.

13. Topcat488

Posts: 1417; Member since: Sep 29, 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.

12. TheBitterTruth unregistered

Congrats Samsung!

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