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Samsung estimates record quarterly profit of $5.15B with strong Galaxy Note sales

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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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Samsung has incredible March, tallies 3 million Galaxy Notes sold in 4 weeks

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In a land where SUVs rule the landscape in the face of growing fuel costs, it is little surprise that a well-made, huge Android Phablet would sell well in the U.S. Indeed, Samsung’s Galaxy Note got a supers-shot of sales adrenaline when it reached the United States shores.

The Note passed 2 million in sales earlier this month, but add its recent U.S. launch, and the smartphone maker now claims it has sold 5 million devices. Detractors will of course claim that 5 million sold “into inventory and not necessarily sales.”  Samsung clarifies that these are sales. It is pretty clear that there are not a million devices in inventory—these are selling well either way.

Samsung passed 1 million Notes at the end of last year. My Galaxy Note review.


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Think the Galaxy Nexus looks big? Put it next to the 5.3 inch Galaxy Note

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Slashgear did just that.  All of a sudden the 4.65 inch display of the Galaxy Nexus looks very svelte compared to the otherwise gargantuan 5.3 inch Galaxy Note.  The Note coes on sale in Europe next week while the Nexus hits on November 17th.

As for us in the States, we’re expecting an announcement shortly on both.


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