Samsung Estimates Q1 2012 Sales Of $39 Billion With $5.1 Billion In Profits

Posted on Apr 6 2012 - 3:46am by Editorial Staff

The South-Korean giant Samsung has estimated that it will earn between 44 and 46 trillion Korean won in consolidated sales (around $39 billion) and profits between 5.6 and 6.0 trillion Korean won (around $5.1 billion US). Samsung’s shipments are forecast at a record 44 million smartphones in the first quarter just ended, up by nearly 25 percent from October-December levels, according to a Reuters survey of analysts.

Analysts have been raising their Samsung profit estimates in recent weeks to reflect the strong handset sales – 28 of 35 estimates have been revised in the past 30 days, pushing up the average estimate by 13 percent, according to Thomson Reuters StarMine.

(Image Source: Samsung logo)

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