Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 05 April 2013 10:41

Samsung makes a killing

Written by Nick Farrell



Operating profit rose 53 per cent

Samsung seems unstoppable as the company just announced its January-March operating profit rose 53 percent to $7.7 billion as sales of mid-tier smartphones helped the South Korean giant tide over the off-peak season.

The guidance, released ahead of full quarterly results by April 26, was better than an average forecast of the cocaine nose jobs of Wall Street. While it is the end of five straight quarters of record profits for the world's biggest technology firm by revenue it is still pretty good given that this is the dead time of year.

Analysts say earnings will hit a new high in the current quarter as Samsung's Galaxy S IV smartphone hits the market this month. The Galaxy S and Note series have fuelled Samsung's record-breaking earnings growth. Samsung is turning to less affluent customers in emerging markets, offering cheaper models such as the Rex and Galaxy Pop.

Samsung is valued at around $220 billion. The outfit sold 68-70 million smartphones, up from 63 million in the December quarter. This appears to be at the expense of its main rival. Apple saw its iPhone shipments slumped some 30 per cent to the 30 million range from 47.8 million in the previous quarter.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments