Samsung predicts record operating profit for Q3

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



FEATURED VIDEO

20 Comments

1. D.Aceveda

Posts: 430; Member since: Jun 30, 2012

No surprise here

2. iluvsonynokia

Posts: 161; Member since: Aug 27, 2013

$100 product sells at $500 nothing to wonder

4. alltechinside

Posts: 248; Member since: Apr 21, 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....

6. iluvsonynokia

Posts: 161; Member since: Aug 27, 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)

11. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

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

5. vincelongman

Posts: 5611; Member since: Feb 10, 2013

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

9. JMartin22

Posts: 2326; Member since: Apr 30, 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.

16. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

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

18. deewinc

Posts: 454; Member since: Feb 21, 2013

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

19. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 2011

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

3. GeekMovement unregistered

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

13. JC557

Posts: 1917; Member since: Dec 07, 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.

7. chemhaz

Posts: 161; Member since: May 04, 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?"

8. c.hack

Posts: 614; Member since: Dec 09, 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.

10. chemhaz

Posts: 161; Member since: May 04, 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.

20. aries.phills

Posts: 161; Member since: May 17, 2011

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

17. willard12 unregistered

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.

12. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

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

14. twens

Posts: 1156; Member since: Feb 25, 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

15. Tsepz_GP

Posts: 1126; Member since: Apr 12, 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.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.