Samsung expects sales boost

06 Jul 2009

Be the first to comment

A Computing logo
samsung logo
Samsung is expecting a rise in quarterly sales

In an attempt to reduce market speculation, electronics giant Samsung announced quarterly earnings estimates for the first time and said it expects a sales increase for the period.

The firm foresees consolidated sales of $24.46bn (£15.8bn) to $26 bn (£16bn) for the quarter, up from $22.96 bn (£14.1bn) a year ago.

Further reading

Operating profit is predicted to reach $1.74bn (£1.07bn) to $2.05 bn (£1.26bn) – in line with the $1.89bn (£1.16bn) reported a year ago.

Samsung does not release quarterly consolidated net profit figures, and therefore provided no estimates for that.

The South Korean company, also the second-largest maker of mobile phones after Nokia, gave no explanation for the expected performance.

Reader comments

Have your say on this article

All fields required. Your email address will not be displayed on the site.

By submitting a comment you agree to abide by our Terms & Conditions

  • Digg
  • Tweet

Newsletters

Sign up for our FREE newsletters

Do you think the G-Cloud will be a success?

The government’s £60m G-Cloud framework continues to take shape with infrastructure, platform and software-as-a-service suppliers named on 19 February. The cloud services will be made available via a CloudStore and it is hoped that it will erode government IT silos, as well as make IT cheaper and more flexible. Do you think the G-Cloud will be a success?

79 %

4 %

10 %

7 %