Miscellaneous / Samsung

Samsung estimates $8.3 billion in profits for Q4, brags about phone sales

Samsung Galaxy S III Hands On

 

The Korean hardware giant flaunted the sales estimate in its Q4 investors guidance, where it says it expects to see $8.3 billion in profits when the official earnings report drops later this month. That’s just shy of double what it reported over the same period in 2011. Sammy contributes the growth to a plentiful supply of regional variants of handsets like the Galaxy S III and Note II, as well as high demand for its display technology. The streak may not keep forever though, according to Reuters, analysts are predicting a first quarter slump without a new Galaxy S phone for the spring. We’ll have to wait for the full earnings release to see how things pan out, but it doesn’t look like the firm will be hurting for cash any time soon.

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