Samsung estimates last quarter profit at a record $5.9B

Set to report earnings its Q2 earnings on July 27, Samsung in a typical fashion has released estimates for quarterly earnings. This quarter, the South Korean-based electronics company estimated a $5.9 billion operating profit, which is a record for the company. Samsung said strong sales of its Galaxy line are leading to so much profit. Samsung already said it expects to sell 10 million Galaxy S III units during the month of July—which is certainly impressive. We will have to wait until the end of the month for the full story. But, at any rate, Samsung does not look like it will lose its title as the technology company with the highest profit. (via Reuters)