Samsung releases Q1 financial estimates, has a record in sight

04 April, 2013

Samsung released its Q1 financial guidance. In the eve of the Samsung Galaxy S4 retail launch, the Korean manufacturer is on path of achieving fifth record-setting financial quarter in a row.

Currently valued at $220 billion, Samsung estimates total sales for the quarter in the range of 51 and 53 trillion won ($45.39 - $47.17 billion). Profits are projected to be 8.7 trillion won ($7.7 billion) - a solid increase over the same quarter of last year.

Samsung's earning's growth has been fueled by its sales of its Galaxy S and Galaxy Note smartphones. With the Galaxy S4 set to be released to the marketplace this month, we can reasonably expect that the good times in Samsung will continue going forward.

Source | Via