Samsung predicts profits of $9.3Billion for Q3

Samsung Electronics Co.

Samsung Electronics Co.

Samsung Electronics Co., the top smart phone maker, came in to existence in 1938. It tried its hand in diversified branches such as construction, textiles, insurance, securities and retail. But since 1990’s Samsung the top smart phone maker has increasingly globalized in electronics particularly in semiconductors and mobile phones are the main source of income.

Samsung, a South Korean Group is expecting to post record operating profit of 10.1 trillion in the third quarter of this year. The top smart phone maker has the best sell and had an upper hand on smart phones available at the cheaper prices in the market.

It is believed the main growth driver is the rise in price of semiconductors and memory chip. In the month July-September, the “S” Series from Samsung made a revolutionary change in the smart phone market and it gave competition to the other cell phone companies.

Analytics estimate that “the company did not provide a net profit estimate or a breakdown of figures for each of its business units. Samsung Electronics Co., the top smart phone maker shipped between 85 million and 89 million smart phones in the third quarter. In the second quarter, Samsung, the top smart phone maker had a dominant 33.1 percent share of the global market, while rival Apple trailed in second place with 13.6 percent, according to researcher Strategy Analytics. Samsung Electronics Co. does not disclose unit sales figures for its phones.”

Samsung the top smart phone maker predicts to post record as because the strength of their profit was the cheaper smart phones with the better quality more than expected is the main factor. It has built a trust for smart phones amongst people globally.

The recent launch of New Samsung Galaxy S4 earlier in this year did the profits as a best smart phone. The top smart phone maker is coming up with its much-anticipated smart watch, the Galaxy Gear, and the Galaxy Note 3 “phablet”.

“As of now, there is no real competitor for Samsung in the (memory) chip business,” said Lee Seung-woo, a tech analyst at IBK Investment & Securities. “This dearth of players is expected to allow Samsung to post considerable operating profits throughout this year and next year, even if demand flags.”

Samsung the top smart phone maker is going to post record for the second consecutive year for their rebounds in the semiconductor business.

Samsung, the top smart phone maker is widely expected to have sold 86-88 million smart phones in the third quarter, up from 76 million in the second quarter, as the company increased shipments of cheaper models to emerging markets. Profits at its mobile division are seen at 6.4 trillion won, better than the second quarter’s 6.3 trillion won but down from a record 6.5 trillion won in the first three months.

Hot on the heels of Samsung Electronics Co., LG is planning to launch a unique smart phone in short time. LG previously said, it will launch a curved smart phone in the year end.

Richard Meryn
Richard Meryn, Associate Editor Industry Leaders Magazine (www.industryleadersmagazine.com)

Recent Posts

Some Microsoft employees stayed at data centers during Pandemic to keep all systems going

Some Microsoft employees stayed at data centers during Pandemic to keep all systems going

The Covid-19 pandemic ravaging the world for more than a year has forced companies and organizations to find viable solutions to keep the business going. Most found a solution in w
2 hours ago
Meme stocks frenzy and 3 companies to follow

Meme stocks frenzy and 3 companies to follow

The doom and gloom about the stock market that has been predicted since the pandemic started has abated somewhat with the resilience shown by investors (helped by low-interest rate
2 hours ago
US Space Force allows repurposed SpaceX rocket to launch GPS satellite

US Space Force allows repurposed SpaceX rocket to launch GPS satellite

A GPS navigation satellite built by Lockheed Martin is set to ride a reused SpaceX booster on a launch from Cape Canaveral, Florida, Thursday. It will be the first time a military
10 hours ago
Disney boss says 40 pc ad revenue went to streaming sites, no plans of ad supported Disney+

Disney boss says 40 pc ad revenue went to streaming sites, no plans of ad supported Disney+

Walt Disney CEO Bob Chapel says the company’s advertising revenue for the upcoming fall television season was strong and went up by “double-digits” compared to 2019.
2 days ago
BlackRock ETFs breach $3 trillion mark in May

BlackRock ETFs breach $3 trillion mark in May

BlackRocks’ exchange-traded fund crossed $3 trillion for the first time in May, in sync with the ETF industry’s race to an all-time high of $9 trillion.
2 days ago
Flagship Pioneering, investor in Moderna raises $3.4 billion funds

Flagship Pioneering, investor in Moderna raises $3.4 billion funds

Flagship Pioneering, the bioplatform company, and the venture capital investor in Moderna, today announced that it had raised additional funding of $2.23 billion, which brings its
3 days ago