Samsung beats Q3 estimates on strong smartphone sales

By on Oct 7, 2011 at 5:15 PM
Business October 7, 2011

Samsung issued pre-earnings guidance on Friday indicating it will beat profit estimates set by the Street for the third quarter thanks to strong demand for its smartphones. The South Korea-based company said its operating profit for the three month period ending this September will total roughly 4.2 trillion won ($3.6 billion), which bested estimates from a group of 28 analysts who collectively thought Samsung’s profit slide in at 3.7 trillion won. The company still took a big hit compared to the same quarter last year however, when Samsung reported operating profit of 4.86 trillion won. ”It seems like there was a big surprise on the smartphone side,” Shinyoung Securities analyst Lee Seung Woo told Bloomberg. “I’m quite amazed.” Lee estimates Samsung has already shipped 30 million smartphones this quarter, half the figure it hopes to sell for the entire year. Samsung’s Galaxy S II handset has been its fastest selling smartphone ever, and models of the device are launching in the United States on AT&T, Sprint and T-Mobile.

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  • http://twitter.com/NatesVlogs Nate Fisher

    Cool story… now give me a Nexus Prime

  • Anonymous

    Galaxy S II helped those numbers no doubt.

  • http://www.searingarrow.com AlienSix

    “4.86 trillion”

    Hook it up Samsung

    • Anonymous

      “4.86 trillion” yes. but 4.86 trillion won. A won won’t even get you a blowjob from PAPINYC and that cock jockey sucks for cheap.  true story™©®

      • http://sudopunch.com Michael Sulsenti

        For 3.6 Billion dollars a quarter average, they make more money than Apple with a total of about 15 billion dollars a year of profit

      • Anonymous

        Ur dreamin son. Apples makes more profit than samsung.

      • Anonymous

        zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz bored to death with your icrap…zzzzzzzzzzzzzzzzzzzzzz no one really gives a shit what you think anymore get the message Iscroat noone really gives a toss what you think iScroat….more like ishitbag

      • Anonymous

        you do live in land coocoo land

  • Anonymous

    How come no one mentioned that this is actually a 14% drop from last year’s profits?  As a company, Samsung is experiencing negative growth.  This story just points out that they are going to be already lowered expectations.  Woopdy-doo.

    • Anonymous

      Samsung has many branches, and this is about the phone division.  Stop trolling, and get a new picture.  One slightly less offensive to the eyes.

    • http://sudopunch.com Michael Sulsenti

      The company as a whole had a dip in profits from last years, but Smartphone is a single branch in Samsung who makes Refrigerators, Appliances, TVs, Monitors, OEM parts for other smartphone makers like Apple, HTC, LG, and Sony, Laptop computers, consumer hardware for ram cards, tablets, feature phones, blu ray drives and players, and more.

      They do more than just Smartphones which affect their overall profits. But they did say their smartphone division grew.

  • Jay

    Well done to Samsung, their Android handsets have been excellent recently.

  • http://rmbo47.myopenid.com/ rmbo47

    I looked at the Epic Touch at a Sprint store today and it blew me away!  Coming from an HTC Evo 4G, this new Sammy ET4G is a monster. 

  • GinaDee

    Can’t wait to get my hands on that Sammy GS2 from T-Mobile next week!!!  

  • Anonymous

    Easy to beat estimates when u lowball. More important stat is the year over year drop in profits. Isn’t the smartphone industry supposed to be increasing? Isn’t Shamsung and android market share supposed to be climbing? Hmmmm me thinks that would mean Shamsung’s ASP is dropping like a rock. For the idiots a dropping ASP means Shamsung is selling more units but for less and less money each. Still dont get it? Shamsung is selling low end piece of junk crapdroids. A race to the bottom. Shamsung will be dead in two years.  true story™©®

    • Anonymous

      you still about throwing your icrap….man go back in your hole and shut up..no one is interested in your shit anymore

    • Anonymous

      Samsung has been in the mobile phone business for many decades. Yes decades.

      It’s not going to falter that easily.

      In your dreams pal.

    • http://www.facebook.com/people/Paul-Reed/1530570047 Paul Reed

      Samsung and Android marketshare is growing asshat

      • Anonymous

        No shit u fucken tit.

      • http://www.facebook.com/profile.php?id=1586820069 steadymobb

        no arguing with someone that says this
        “Android will be dead in two years.  true story™©®”

    • http://profiles.yahoo.com/u/VCBEBTYM2XLKT7WBH4OWJ5QUZ4 commonsenseplease

      How does it feel to be such a natual born tool?

  • Anonymous

    Icon spacing is wrong, proportions are all wrong.. I know Google is trying to copy Apple, but from what I see they’re closer to Microsoft (in a bad sense).

    • Anonymous

      They may be wrong but still much better than the ones on iPhone, don’t you think?

      • Anonymous

        You really hate Apple.

      • Anonymous

        Who does not?

      • Anonymous

        @lilo777 Most rational people.

  • Kolbe11

    Don’t bother trying to buy a Galaxy S II right now as they are completely sold out for AT&T and was told today that no new shipments would be available for 7-10 business days… slow boat from Taiwan I’d say.

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