Samsung expects whopping $7.3bn profit from mobes
The chips may be down, but Galaxy sales are up
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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. ®
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COMMENTS
LOL!
I always wondered if the Apple lawsuits could backfire on Apple. After all, there must have been some people that hadn't heard of or considered Samsung phones or tablest that said to themselves, "Well, they must be good if Apple is so scared of them!"
I thought Apple patented making money from making mobiles.
LAWSUIT!
The thing is, Apple only has one product, and that's not phones or tablets. It is 'Cool'. Should they ever lose that (not beyond the bounds of possibility) they are likely to sink like a stone. Samsung, on the other hand, has no 'Cool' to speak of, but it does have a huge product portfolio. I don't see it losing all of those lines in the immediate future.
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