Samsung estimates record quarterly profit of $5.15B with strong Galaxy Note sales
Ahead of its full quarterly report scheduled for April 27, Samsung Electronics today estimated its operating profits for the three-month period that ended in March. Estimated at 5.8 trillion won or $5.15 billion USD, that is nearly double the company’s results from the same quarter a year ago and up from the roughly 5 trillion won originally forecasted by analysts. While attributing the strong quarter to the Galaxy Note, the report from Reuters noted Samsung is “set to consolidate its market position with new products” over the next few months, including a “revamped Galaxy S” that will compete with Apple’s next iPhone:
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