Samsung expects record profits for Q3 2013

Kunal G.

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After every quarter, Samsung releases their earnings guidance that gives analysts, investors and the press an idea as to how the company did during that particular quarter. Samsung today released their earnings guidance and it looks like we're again looking a record profit quarter. According to the preview, Samsung's operating income touched to 10.1 trillion won ($9.4 billion), which is a 25 percent rise from the previous year.

The sales reached to a record-high to 59 trillion won ($55 billion) and the major chunk of the income is claimed to come via sales of mid-range smartphones.

Samsung will announce the financial result later this month.

source

Kunal G.

Phone Finance