Login

Samsung estimates record $9.4 billion in profit for latest fiscal quarter

Galaxy S4 stock Android

Samsung has just announced its earnings guidance for the third quarter of 2013, and it looks like records will be broken yet again. The company is estimating approximately 59 trillion won (around $53.9 billion) in total revenue, with operating profit coming in at about 10.1 trillion won (roughly $9.4 billion). Should the numbers prove correct — and Samsung has historically been extremely accurate when it comes to its estimates  — it would be an increase over the 9.53 trillion won (around $8.5 billion) in operating profit and 57.46 trillion won (about $51 billion) in sales it reported the previous quarter.

It's an even bigger increase when compared to the same time last year, when Samsung reported 52.18 trillion won ($48.5 billion) in sales and 8.06 trillion won ($7.5 billion) in profit. That's a year-over-year increase in revenue of over 13 percent. Last quarter investors were a bit underwhelmed by Samsung's results, voicing concerns that growth in the high-end smartphone market could hinder future growth. There are no sales figures available for this quarter yet, but when the final numbers are released smartphone sales will no doubt be an area of intense interest for those looking to determine whether Samsung can maintain its current pace.

The Verge
X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.