Arab Today, arab today samsung electronics estimates record operating profit in q2
Last Updated : GMT 16:48:01
Arab Today, arab today
Arab Today, arab today

Samsung Electronics estimates record operating profit in Q2

Arab Today, arab today

Arab Today, arab today Samsung Electronics estimates record operating profit in Q2

Seoul - XINHUA

Samsung Electronics, the world\'s largest maker of smartphones, memory chips and flat screens, estimated Friday a fresh quarterly high of operating profit in the second quarter this year due to robust sales of smartphones, including the new flagship model Galaxy S4. The preliminary operating profit was estimated at 9.5 trillion won (8.36 billion U.S. dollars) in the April-June period, Samsung said in a statement. The figure topped the prior record high of 8. 84 trillion won in the fourth quarter of 2012, and was up 8.2 percent from three months earlier. Sales were estimated at 57 trillion won in the three months ending June 30, up 7.81 percent from the previous quarter. Samsung did not unveil its estimate for net profit and a breakdown of each division. The final results will be announced later this month. The record profit was attributable to brisk sales of Galaxy S smartphone series. The sales of Galaxy S4, the latest version of the series, was estimated to be over 20 million units during the quarter. \"Sales of Galaxy S4 were estimated at 20.5 million units during the quarter, missing market expectations. However, it was the first time in Samsung\'s history that a single model breached the 20 million mark,\" said Greg Roh, an analyst at HMC Investment & Securities in Seoul. Combined smartphone sales, including previous models such as Galaxy S3, were estimated at 74.5 million units, up 5.7 percent from three months earlier. Market watchers, however, said the recent fall in Samsung shares was overdone. Samsung shares sank over 15 percent at one time from the initial price of this year after JP Morgan warned slowdown in Samsung\'s smartphone sales in June 7 report. \"Risks of weak Galaxy S4 sales and the Fed\'s plan to taper quantitative easing are indeed negatives to the stock, but we still believe the recent pullback is overdone,\" said James Song, an analyst at KDB Daewoo Securities. Song noted that Samsung was best-positioned to dominate the global smartphone market given a broad product mix, brand and marketing power as well as stable supply chains of parts and materials.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today samsung electronics estimates record operating profit in q2 Arab Today, arab today samsung electronics estimates record operating profit in q2

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today samsung electronics estimates record operating profit in q2 Arab Today, arab today samsung electronics estimates record operating profit in q2

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday