Samsung expects 78% jump in operating profit in Apr-Jun

Samsung Electronics Company today said it expects its second quarter operating profit to be nearly 6.7 trillion won (USD 5.8 billion) owing to robust sale of Galaxy smartphones.
     
In the guidance for April-June quarter released today, the Korean company projected operating profit of 6.7 trillion won compared to 3.75 trillion won posted in the year-ago period, resulting in a growth of 78.6%.
     
Besides, Samsung which holds the largest market for smartphones expects its consolidated sales to touch about 47 trillion won in the second quarter of this year compared to 39.44 trillion won in the same period year ago.
     
The electronics giant is expected to disclose its second quarter earnings later this month.
     
Recently, Samsung had dethroned long-time leader Nokia, snatching the top position from the Finnish company in the first quarter of 2012 with 86.6 million units global shipment, as per research firm Gartner.
     
It also outshone Apple with sales of 38 million units worldwide, the research firm had said.
     
According to media reports, the company had last month said its sales of Galaxy S3 would touch 10 million by end of July just two months after its launch.
     
Besides, the company had said it was expecting good results for its second quarter despite the difficult economic situation in Europe and that the company was doing "fairly well" in the emerging markets.
     
According to a recent study by CyberMedia Research Samsung smartphone sales in India touched 2.7 million units during January-March 2012 emerging as the leader in the smartphone segment with a 40.4 per cent market share.