English | دری

Smartphones boost Samsung profits

in International Business

Smartphones boost Samsung profits

Samsung profits are to surge 79% in the second quarter as sales of its smartphones continue to grow, with Galaxy S III shipments estimated to reach 19 million unts in the third quarter.

Anaylysts said its profits may rise even further in the coming months.

With the widely-expecte launch of the latest version of the Apple iPhone, some anaylysts were of the view that Samsung’s sales may slow towards the end of the year.

“We expect a correction in Samsung’s earnings in the fourth quarter, as the launch of the new iPhone will lead to a decline in Samsung’s profit in the high-end smartphone business,” said Park Jong-Min a fund manager with ING Investment Management.

Apple is the biggest rival to Samsung’s smartphones.

I n addition, the two are also involved in various disputes over patnet infringements.

Sales of Samsung’s Galaxy Nexus and its Galaxy Tab 10.1 are banned by a court in the US.

There are concerns that the ban may hurt Samsung’s sales in one of its key markets.

Analysts said the biggest fear for Samsung is that the dispute may become bigger and impact other Samsung products, including the Galaxy S III.

It is the legal spill over effects that Samsung is worried about.

Tags assigned to this article:
iPhonesamsungsamsung sales

Related Articles

EU vision for the future revealed

EU unveils its vision for the future of monetary union. This new vision allows European authorities greater powers including the

David Cameron urges India to open up to British business

David Cameron has urged the Indian government to cut “regulation and red tape” in a bid to encourage more trade

Microsoft completes acquisition of Nokia mobile phones

Microsoft closed on its approximately USD 7.5bn acquisition of Nokia’s hardware operations on Friday. The deal will mark the end

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.