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Last updated: July 6th, 2015 at 09:38 UTC+02:00
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The forecast from a Reuters survey of 39 analysts predicts Samsung's operating profit for the second quarter to come in at 7.2 trillion won, a significant improvement from the 6 trillion won operating profit posted in the previous quarter and matching the profit from Q2 last year. Of the analysts surveyed 20 have cut their forecasts in the past month by an average of 3.9%. Samsung is expected to issue earnings guidance for analysts this week with the full quarterly results to be announced by the end of this month. Analysts believe that the trend of earnings recovery will continue in subsequent quarters with third and fourth quarter profits for this year expected at 7.3 trillion won and 7.5 trillion won respectively which will register significant profit gains year-over-year.
Analysts are of the view that Samsung's latest flagship handsets could have done much more for the company's fortunes had Samsung anticipated huge demand for the Galaxy S6 edge, thus they believe that this was a missed opportunity for Samsung because even though it has enough capacity to meet demand now, it's flagship handsets will soon have to compete with the new iPhones which will be out by September this year.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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