Samsung Electronics released its estimated earnings for Q2 2013. As expected a huge profit of 8.33 billion dollars or 9.5 trillion won is projected. This is a new record with $3 billion improvement over Q2 previous year when Samsung’s profits were $6.4 billions. However Samsung estimated its second-quarter sales at 57 trillion won, versus a market forecast for 58.7 trillion won.
Success of Samsung Galaxy S4, the latest flagship Smartphone along with strong sales from components division contributed to this record breaking estimate of the profit.
Actual sales and profit figures will be available on July 26th when the financial results for Q2 2013 will be announced.
Source : Reuters
Written by Praneeth Kancherla
I work as an Oracle Database Administrator & love the most customizable smartphone operating system - Android. At AFN I try to bring you latest on android/smartphone news. HTC One is my current Smartphone.
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