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BEIJING, Oct 8, 2011 - (ACN Newswire) - According to the recent report of Chinaqualitycrafts.com, Samsung Electronics said today that its third-quarter profit will exceed the expectations of the market. Although the smart phone market is highly competitive, the smart phone has become the company's main source of profit growth.
Chinaqualitycrafts.com (http://www.chinaqualitycrafts.com/wholesaler/) reports that Samsung's performance forecast by its own is much higher than the market expected. As the sales of smart phones and other high-end mobile phones continue to grow, the performance of its telecommunications business will be very considerable. Investors are still in a wait state. Chinaqualitycrafts.com analyzes that if Samsung's flagship smart phones and tablet PCs of Galaxy series can have an effective competition with Apple's latest iPhone 4S which will start selling in the next week, then its telecommunications business can help the company maintain a strong growth in the fourth quarter.
It is expected that Samsung's third-quarter net profit from mobile phones will hit a new record, and Samsung is possible to exceed Apple and become the world's top-selling smart phone vendors in the third quarter. Samsung's sales of smart phones in the second quarter are only one million units less than Apple. Samsung will release more detailed earnings data later in this month.
Chinaqualitycrafts.com points out that the investors expect that in the fourth quarter the market conditions will be more difficult. The memory chips and the prices of flat panel will remain at a lower level.
Contact:
http://www.chinaqualitycrafts.com/
Email: my@chinaqualitycrafts.com
Topic: Press release summary
Source: Chinaqualitycrafts.com
Sectors: Daily Finance, IT Individual
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From the Asia Corporate News Network
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