Samsung expects record third quarter

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Samsung think in the last quarter, a record to have achieved. Especially the good sales of Galaxy phones and high-end televisions contributed to the good results. The profit would be almost doubled compared to 2011.

Samsung expected over the past three months, a profit report of between 7,9 and 8,3 trillion Korean won, converted 5.4 and 5.7 billion euros. That is considerably more than in the same period last year; then, the profit is 4.25 trillion won, or 2.9 billion euros. Although Samsung no further details about the expected returns, it is clear that especially the good sales of Galaxy smartphones, particularly the Galaxy S III, and high-end televisions to the bottom line have led. A month ago Samsung announced 20 million Galaxy S III devices have been sold.

For the fourth quarter should Galaxy Note II-sales and perhaps a miniversie of the Galaxy S III is a continuation of the good earnings yield, while rising prices in the dram market also for the improvement of that branch. On the other hand, it is expected that the iPhone 5 for good competition will ensure, Samsung, among others, need to spend on marketing. In the period July to september would be Samsung for the promotion of Galaxy devices are already 2.7 billion dollars on marketing have created, estimates Reuters. Also struggling Samsung with hefty costs for lawsuits against Apple, where a ruling in the US recently meant that Samsung Apple a billion dollars of damages to pay.