Samsung expects first-quarter profits of $7.7B, up 53 percent
Samsung Electronics expects to record an operating profit of 8.7 trillion won ($7.7 billion) for the first quarter of 2013, a 53 percent increase over the year-ago period.
The guidance, released today by the South Korean electronics giant ahead of full earnings later this month, is better than many analysts had forecast but a slight decline over the fourth quarter of 2012, when the company posted a record $8.3 billion in operating profit. The guidance means the company expects to break its string of five consecutive quarters of record profits.
Though strong sales of the Galaxy S … Read more