updated 08:55 pm EDT, Thu April 5, 2012
Samsung gives 1Q 2012 finance estimate
Samsung late Thursday gave upbeat early estimates of its first calendar quarter results that showed a possible breakthrough in smartphone sales. Its pure operating profit would be 5.8 trillion won (nearly $5.2 billion), or almost twice as much as from a year earlier. Pure revenue would sit at $39.8 billion.
The company did warn that it wasn't immune from the traditional post-holiday slump, as its revenue dipped 4.9 percent versus the fall even as profit grew 9.4 percent.
Full results are due on April 27.
The early results didn't directly credit smartphones but came as some of the strategies begun during the fall were coming into fruition. At least some of its success could be attached to the Galaxy Note, which arrived in the fall but only got a full quarter of sales and its US launch in the winter. Samsung has sold five million over the past few months, not just shipped as initially reported, and could see it countering dips in sales for older smartphones as well as the after-holiday lull.
Many are waiting to see Apple's results, expected three days earlier, to see whether or not it too fared well and kept the top spot in smartphones that it claimed in the fall. Although it no longer had an iPhone launch quarter to work from, wider international releases and better supply may have kept its overall performance up.