Samsung's Second Quarter Financial Estimates Show a $5.9 Billion Dollar Profit

[dgstorm]

I guess for every loser there must also be a winner, and right now in the Android world that winner is assuredly Samsung. They just released their quarter 2 financial estimates and Samsung indicates that they recorded a $5.9 Billion dollar profit. This was a 79% increase from its earnings in this same quarter a year ago.

Ironically, these figures actually turned out to be a disappointment to some analysts who projected quarterly sales would be around 6% higher than the estimated $41 billion in revenues that Samsung reported today. Shares in the Samsung stock dipped 2 percent on the news. Still, the outlook for Samsung is good as the Korean manufacturer is expected to sell 10 Million or more Galaxy S III handsets over the next month on top of their other business.

Source: BGR

 

[cybertec69]

They could have done better, but the world economy is in the tank, that goes for every business today, those analysts need to take off those rose colored glasses.

 

[meishkov]

They could have done better, but the world economy is in the tank, that goes for every business today, those analysts need to take off those rose colored glasses.

Analysts ruin everything. They can't just be happy with the superb earnings as is. They should all die. Instead of nitpicking on other people's creativity how about they put their $100k/yr brain to use and actually create something that benefits all? Because they can't, they're ruined for life, the corporate world has corrupted them into believing that the world isn't even enough for them, they must have more and more. Their decisions and guesses and "analysis" dictates and affects alot more than their bonuses and their company's profits.

Way to go Samsung tho!

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[champaned_out]

samsung really did out do themselves this year with their marketing of the note and S3... they might not be the most prettiest phones but they really do know how to sell their product and it looks like it paid off for them