Samsung Estimates Record $5.9 Billion In Profits For Q2

Posted on Jul 6 2012 - 3:57am by Editorial Staff

With Samsung might enter into crisis stage as Euro surges, but it does not stop the South-Korean giant to estimate a consolidated operating profit of approximately 6.7 trillion won (about$5.9 billion), reports Reuters, assuming because of the strong hold in market due to its flagship Galaxy range of smartphones. The company have seen a drop of 15 percent in its share price in the past two months over a weak chip market and euro crisis. The company will release its full quarterly results by July 27 with an expectation of resulting in record results in profit. We do expect a lot more from Samsung and we do expected that this time it results really reached cloud high.

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