Samsung Expects 53 Percent Profit Bump This Quarter

by Todd Haselton | April 5, 2013


Samsung recently said that it expects its profits to increase 53 percent over the first quarter of 2012 when it reports its Q1 2013 earnings. The company expects profits of $7.7 billion (8.5 ~ 8.9 trillion Won) for the quarter, far from a bad report by any means, but it’s below the company’s record earnings during the fourth quarter of 2012.

As CNET notes, Samsung reported five record breaking quarters in a row, so anything below Q4’s $8.3 billion profit will relieve it of that streak. Samsung will post its Q1 2013 earnings on April 26.

Samsung CNET

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...