Samsung reckons it's in line for a record quarterly operating profit
after Apple's reduced orders for chips and screens seem to have failed
to make a dent in the South Korean business.
The fruity firm is clearly hoping to hamper or just distance itself
from the South Korean firm by unwinding their long partnership as their
patent rivalry intensifies, but Samsung is not bothered for now.
The company expects to make 8.1trn won ($7.3bn, £4.5bn) in the third
quarter of this year, nearly double what it made the same time last
year, as its mobile sales continued to boost the firm.
However, many analysts expect Samsung's run of four record quarters
to end in December, when the company splashes out huge sums on
marketing in order to secure a win against Apple's new iPhone and other
new mobes in the smartphone market, according to Reuters.
There's also the chance that Samsung's appeal against Apple's
resounding patent victory in the US will fail, leaving it with a $1bn
or more bill for damages to the fruity firm and a fall in Galaxy sales
as some of the phones and tablets get banned in the States.
Smartphones are what's propping the group up as its chips and TVs
suffer in those declining markets. Prices for chips, particularly DRAM,
have been falling worldwide, causing Japanese firms like Elpida to file
for bankruptcy.
Big ticket TV sales are also down as the global recession fails to
lift as fast or as steadily as would be necessary for consumers to
start serious spending again.
The chips may be down, but Galaxy sales are up!
Samsung expects whopping $7.3bn profit from mobes
October 05, 2012
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