Friday, July 5, 2013

Samsung's estimated Q2 2013 profits top out at $8.33 billion

Right on schedule, Samsung has released its earnings estimates for Q2 2013 ahead of its full announcement later this month. And, as you might expect, the company made a lot of money: a tidy profit of 9.5 trillion won, or $8.33 billion dollars, to be exact. Naturally, that record-setting number is due in no small part to the success of the Galaxy S 4 and a strong showing by its components division as well. Should the estimate prove perfectly accurate, Q2 2013 will have been a significant improvement over last quarter's $6.4 billion profit, and a massive $3 billion improvement over Q2 of 2012. Of course, we'll get to see its full slate of numbers come July 26th when the financials are officially revealed, but it's looking like Sammy's doing just fine.

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Source: Reuters, Yohnap News

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/QnUd0Q7_ZYU/

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