Samsung heads for record quarter
Samsung Electronics looks set to report a record quarter, with analysts commenting that the Galaxy range is likely helping drive this success.
In its 2Q pre-earnings released this week, Samsung discloses expected record earnings, with expected profit up 80% from a year ago, reaching between USD5.7bn and USD6.1bn.
In Q1, the South Korean company said it expected to improve its profitability in the second quarter, through improvements in its chip business and the debut of new high-end smartphones.
The launch of new Galaxy handsets may have significantly boosted profits in this quarter, say analysts.