Samsung’s Galaxy range of devices have become incredibly popular, with Samsung’s new Galaxy S III smartphone expected to be their most popular device to date.
Now Samsung has released a revised earnings estimate for quarter 2 of 2012, and the company is expecting record profits of $5.9 billion, which will be their highest quarter to date.
On July 6, 2012, Samsung Electronics disclosed its ’12. 2Q consolidated earnings estimate as follows.
– Sales: Approximately 47 trillion Won
– Operating Profit: Approximately 6.7 trillion Won
The above estimate is provided for the convenience of investors, before the earnings results are finalized. Domestic disclosure regulations do not allow earnings estimates to be given in a range. Therefore, the above figures are the median of the earnings estimate range given below.
– Sales: 46 ~ 48 trillion Won
– Operating Profit: 6.5 ~ 6.9 trillion Won
It will be interesting to see just how many Samsung have sold of their new Galaxy S III smartphone, we are expecting the device to have sold way more than 10 million units since launch, and suspect they would have sold a lot more if Samsung were able to keep up with the massive demand for the device.
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