Smartphone sales boost Samsung’s profits

In Industry News On
- Updated

Samsung Electronics has forecast a 53% jump in profit for the first three months of the year mostly as a result of fast growing smartphone sales.

The sales of Samsung’s Galaxy range of smartphones already displaced Apple as the world’s biggest smartphone maker last year.

Analysts expect Samsung’s profits to rise further this year and they have predict robust sales for Samsung’s latest smartphone model, the Galaxy S4, which is to be released in April.

The smartphone, launched earlier this year, allows users to control its screen using only their eyes and has the ability to take two different pictures at once.

Analysts widely regard the phone to be a serious competitor to Apple’s iPhone5. “We expect some 22 million Galaxy S4 smartphones to be sold in the second quarter alone,” said Seo Won-seok, an analyst with Korea Investment & Securities.

Samsung, which is also the world’s biggest maker of memory chips, will release it final quarterly results on 26 April 2013.

You may also read!

D.A.D become Official UK Distributor for Delonghi, Kenwood and Braun

D.A.D have announced they are the new official UK distributor for Kenwood, Delonghi and Braun, taking over the contract

Read More...

Whirlpool UK appoints new supply chain director

Whirlpool UK Appliances has announced the appointment of Alistair Dobson as supply chain director, UK and Ireland. Having worked

Read More...

KAISER APPLIANCES ARE NOW AVAILABLE IN THE UK – WITH STRONG STOCK LEVELS TO SUPPORT RETAILERS

Introduced into the UK in January 2022, Kaiser appliances are now available for UK retailers to order. What’s more,

Read More...

Mobile Sliding Menu

©2021 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY
open