Samsung will reveal best operating revenue ever

By IVCPOST Staff Reporter

Jul 24, 2013 05:54 AM EDT

On Friday, the world's biggest smartphone producer by shipments, Samsung Electronics Co., would announce its closely observed earnings for the second quarter. The corporation was anticipated to disclose its best operating revenue ever.

A few surprises regarding the sales were expected for the venture capitalists following the release of April to June quarter report. The company anticipated an operating revenue range between US$8.3 billion to US$8.7 billion. The amount would be another record for Samsung which would signify its growth of 44% to 50%.

In June, J.P. Morgan and Morgan Stanley began slashing the sales and earnings predictions for Samsung. They cited weaker-than-anticipated component orders for Samsung's Galaxy S4. However, today, analysts expected that Samsung sold 73 million to 75 million smartphones for the second quarter.

Analysts said that the poor operating profit forecast for the company could be attributed to its high marketing costs. The company would be able to sell its flagship smartphone and vital margin driver this year if it would continue to ride on its Galaxy line up of phones.

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics