On Friday, chief Apple rival Samsung pre-announced its Q1 earnings and Wall Street was impressed.
According to details emerging this afternoon, the South Korean tech giant confirms sales of approximately $46 billion, 15% higher than earnings from one year ago in Q1 of 2012.
Most importantly, Samsung's operating profit was $7.7 billion, besting Wall Street expectations with 53% growth over last year's first quarter.
Samsung's quarter was boosted by gadgets and electronics other than its top-of-the-line Galaxy S smartphone. Sales of the Galaxy S III and Galaxy S Note tablets have slumped recently as consumers held out for updates to these devices.
Source: CNN Money