Samsung is expecting a staggering 8.7 trillion won or $7.7 billion in operating profits in just the first quarter of 2013, according to a report on Reuters. This profit is a near 53 percent increase from the first quarter of last year.
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According to the report, the high profit margins have been largely fuelled by the sales figures of Samsung’s Galaxy S series and the Note series. But apart from the high-end phones, Samsung has also earned much of its revenue selling mid-range and entry-level phones too. Analysts also believe that another reason for the high profit expectations is because of the recently launched Galaxy S 4, which will be up for pre-orders from April 16 onwards and is expected to be lapped up consumers around the globe. Also Read - Alleged photograph of the Galaxy Note III appears in the wild
The report also reveals sales data collected by Hong Kong-based Counterpoint Research, which estimates that the South Korean company sold nearly 25 million smartphones every month in 2013 with the total number of handsets sold exceeding 70 million, which is an increase from the 63 million the company sold in the fourth quarter of 2012. Also Read - What's inside the Samsung Galaxy S 4?
Samsung is expected to announce its full quarterly results on April 26, three days after Apple reports its first-quarter financial results.