Friday, April 6, 2012

Samsung expects to double Q1 profit versus last year, sends itself a love note

Samsung expects to double Q1 profit versus last year, sends itself a love note

Sammy has issued guidance for its financial performance between January and March 2012, ahead of a fuller earnings report due later this month. In contrast to HTC's latest news, the Korean giant looks rosy enough - it's predicting an operating profit of 5.8 trillion won ($5 billion), which is almost double the quarterly profit from last year. Overall revenues continued to grow steadily too, rising nearly 22 percent to 45 trillion won ($40 billion).

Engadget, Samsung expects to double Q1 profit versus last year, sends itself a love note

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