Samsung will only have official announcements of its sales and profits on April 26th, but they have released what they call “œprofit guidance“ ““ their expectations and numbers from rough calculations. Needless to say, the numbers are impressive.
They have seen an increase in mid-range handsets, which actually meant that Q1 sales surpassed that of the usually unbeatable holiday season quarter. They sold an estimated 68 million phones during the first quarter of 2013, beating out the 63 million from the last quarter of 2012. Sales reached an estimated $46.2 billion, which led to operating profit of $7.7 billion, a 53% increase year on year.
It doesn‘t seem that sales are slowing for Samsung. With the Galaxy S4 launching this month, the wheels should keep turning at quite a pace in the foreseeable future. Will the S4 be sold in larger numbers than the S3? Only time will tell, but we imagine you to be sitting pretty of you are a large stake holder in the Korean firm.
Source: Reuters
