Samsung 2nd Quater Results to be Enhanced by Smartphones
Samsung Electronics, the world’s best manufacturer of mobile devices, memory chips, flat-screen displays and televisions is on the move to release guidelines for the results of the 2nd quarter on Friday. The company will talk and discuss about the insights of the company on grounds of performance prior to the release of the results in this month. Well, there are a lot more things and facts which are discussed below in details.
There are a lot of expectations that Samsung is to report high profit for another quarter as the demand for the Galaxy smartphones is amazingly high. The shareholders have restrained in their hopefulness as there was a delay in the shipment of the Galaxy S III smartphone. This delay was because of the lack and scarcity of the component since it was launched in the 29th of May.
According to expectations, the mobile communications division of Samsung is likely to bring above 60 per cent of the profit in the 2nd quarter which accounts about 7 trillion won or $6.15 billion. According to analysts, the estimation have been lowered to about 7 million to 6 million sales in Samsung phones in the 2nd quarter because of the delay of some mobile carriers. At this point of time, the analysts’ estimate of the total sales of the Samsung smartphone comes between 48 million and 52 million phones.
Samsung will be declaring an estimate of the combined revenue as well as profit and will not declare the net profit. Shareholders expect to get updates of the sales of the S III phone sales for the 2nd quarter and will are also expecting for some ideas regarding the strategies that Samsung took for the smartphones sales as Apple is also likely to release a new iPhone and this will be done in the 3rd quarter with the kicking up of the competition with the Galaxy devices.
In terms of revenue, Samsung Electronics is the largest tech firm of the world with an annual venue of 165 trillion won or $145 billion in the year 2011. Samsung is one of the best mobile device manufacturers having an extended market share as well as having a high profit in the past 2 years because the company also entices the consumers of the Research In Motion and Nokia. In this year, Samsung is about to sell about 220 million smartphones which is two times of the sales of 2011.
According to an analysts poll made by a financial information unit of Yonhap News Agency named as the Yonhap Infomax, a profit of about 6.72 trillion won or $5.91 billion and a revenue of about 50.13 trillion won or $44.06 billion has been expected for April to June. According to reports from Samsung, about 3.75 trillion won in operating profit on a revenue of about 39.44 trillion won remarked along with a net profit of about 3.51 trillion won.