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04-05-2013, 03:39 PM #1
Samsung Earnings Raise The Bar for Apple
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
04-05-2013, 03:45 PM #2
I work for Samsung and I know iPads outsell tabs roughly 2/3 some days double so I expect earnings to be good for Apple, I'm not up to speed on all the financial stuff but they are doing well . Over Easter we did sell more tabs than iPads though but I really pushed my demo's hard.
04-05-2013, 05:59 PM #3
And the fact that this is for all Samsung products not just phones and tabs! Bit of a hard compare!