Samsung to Report $39 Billion for Q1 2012By: Shawn Hess - April 6, 2012
It seems Samsung is continuing their outstanding progress in gadget sales and is said to be reporting sales in the $39 billion range for the first quarter of 2012. Last they were controlling almost a fifth of the smartphone market and are presently considered Asia’s most valuable tech brand. Their profit from last quarter’s sales should come in around $4.5 billion.
While the giant will have to continue to introduce new technology to keep their share of the market, a little help can be counted on from one of their biggest competitors. According to Reuters, Apple purchases vast number of microchips and displays from Samsung for their iPad and iPhone devices.
But I don’t think we have to worry about Samsung, their Galaxy Note seems to be selling quite well and may even be a viable competitor for other tablets including the iPad. We can look forward to the official Q1 2012 earning from Samsung in late April, until then we can just watch the technology market and try to predict what 2012 will bring.