Jul 05 AT 9:49 AM Nick Sarafolean 2 Comments

Samsung posts estimated Q2 earnings, slightly less than analysts’ predictions

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Ready for another round of earnings reports? Samsung has just published their estimated Q2 earnings for all to view. Starting with the operating profit, Samsung estimates that it jumped 47 percent to 9.5 trillion Korean won ($8.3 billion US dollars). The second quarter sales were also quite good at an estimated KRW57tn ($49.9bn USD). This upsurge probably had to do with the launch of the Galaxy S4 that, contrary to some predictions, actually seems to be doing very well if JK Shin is to be believed.

But analysts might be a bit disappointed. They estimated slightly higher results (KRW10.16tn, $8.9bn USD) in operating profits. As for sales, analysts had predicted KRW58.7tn ($51.8bn USD). Samsung is still making a killing in comparison to all other manufacturers. And keep in mind that these are just the official estimates from Samsung; the actual profits won’t be released until July 26.

In your eyes, how do you think Samsung is doing?

Via: Android Central

Source: Reuters

A nerd at heart, Nick is an average person who has a passion for all things electronic. When not spending his time writing about the latest gadgets, Nick enjoys reading, dabbling in photography, and experimenting with anything and everything coffee. Should you wish to know more about him, you can follow him on Twitter @Zricon15.

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