Samsung on Tuesday predicted record earnings for the fourth quarter as its mobile device line, led by the popular Galaxy S III, continued to dominate the smartphone market. In an earnings preview, the company estimated its operating profit will jump to about $8.3 billion for the quarter — an 88.8 percent increase from the same period last year — narrowly beating analyst expectations. If the forecast holds, profit would be 9.2 percent higher than the quarter before, marking the fifth consecutive quarter of record profits for the company.
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Galaxy Line Blasts Samsung to Record Earnings
Posted by: Rachelle Dragani January 8, 2013 10:16 AMSamsung on Tuesday predicted record earnings for the fourth quarter as its mobile device line, led by the popular Galaxy S III, continued to dominate the smartphone market. In an earnings preview, the company estimated its operating profit will jump to about $8.3 billion for the quarter — an 88.8 percent increase from the same period last year — narrowly beating analyst expectations. If the forecast holds, profit would be 9.2 percent higher than the quarter before, marking the fifth consecutive quarter of record profits for the company.