wraggster
October 5th, 2012, 09:55
http://www.blogcdn.com/www.engadget.com/media/2012/10/dsc00992-1340741997hed.jpg (http://www.engadget.com/2012/10/04/samsung-q3-2012-earnings-guidance/)Samsung has provided investors guidance ahead of its full Q3 earnings report (http://www.engadget.com/tag/samsung,earnings) that's due before October 26th, and as has been the custom, the numbers are huge. It's expecting a fourth straight record quarter with overall operating profits of 8.1 trillion won ($7.28 billion), an amount that would more than doublelast year's results for the same period (http://www.engadget.com/2011/10/27/samsungs-q3-2011-overall-profit-falls-despite-incredible-phone/) and up sharply from Q2s $5.86 billion (http://www.engadget.com/2012/07/26/samsungs-q2-2012-earnings-record-profit/), on sales of 52 trillion won ($46 billion). We'll have to wait for the full report to see numbers broken down by department, but it's safe to say that there's a lot of Galaxy S IIIs (http://www.engadget.com/tag/galaxysiii) (it ticked past 20 million last month (http://www.engadget.com/2012/09/06/samsung-galaxy-s-iii-20-million/)) adding up to reach that pinnacle. Reuters and Bloomberg have predictions from various analysts on how many handsets, RAM chips and flat-panel HDTVs were sold, but if its legal battle with Apple ends in the worst-case scenario, at least we figure Samsung will have enough left over to keep the lights on.
http://www.engadget.com/2012/10/04/samsung-q3-2012-earnings-guidance/
http://www.engadget.com/2012/10/04/samsung-q3-2012-earnings-guidance/