Samsung Q1 profits estimated to jump by 53 per cent | Mobile Devices | Mobile Entertainment

Samsung Q1 profits estimated to jump by 53 per cent

Samsung Q1 profits estimated to jump by 53 per cent
Daniel Gumble

by

Devices / Samsung / April 5th 2013 at 11:57AM

January-March operating profits expected to hit $7.7 billion.

Samsung has revealed its earnings guidance for Q1 of 2013, estimating an operating profit of $7.7 billion, representing a 53 per cent rise.

The Korean firm released the guidance in advance of April 26th, when its full quarterly results will be officially announced.

While these figures are set to mark the end of five consecutive quarters of record profits, analysts are forecasting a record-breaking second quarter as the Samsung Galaxy S 4 is scheduled to hit shelves later this month.

Speaking to the BBC, Seo Won-seok, an analyst with Korea Investment & Securities, said: "We expect some 22 million Galaxy S4 smartphones to be sold in the second quarter alone,"

According to analysts, it is also thought that Samsung shifted around 68-70 million smartphones in the first quarter, rising from 63 million in the fourth quarter of last year.

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