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

Discussion in 'Android Tablet News' started by dgstorm, Jul 6, 2012.

  1. dgstorm

    dgstorm Editor in Chief Staff Member

    Jan 5, 2011
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    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

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