InfoAnda - Samsung says third-quarter to top consensus as phones boom |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Obama facing dilemma over protectionism | 1 February 2009
Toshiba sees op profit rising 45 pct this year | | 8 May 2012
Kanye West and Jay-Z announce new "Watch the Throne" tour dates | 3 August 2011

Forest Whitaker and Sundance trying to save Newark | Entertainment | | 18 November 2008

Forum Views () Forum Replies ()

Read more with google mobile : Samsung says third-quarter to top consensus as phones boom |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) VIDEO Apple's future without Jobs is unclear Apple's Steve Jobs has died after a long battle with pancreatic cancer but his legacy lives on as the face behind the digital media revolution of this century. Video Breakingviews: How Jobs transformed our lives Apple fans hold candlelight vigil using iPad apps Jobs' successor will need to match "hero status" Product pipeline will secure apple's future: analyst Apple fans mourn Jobs Follow Reuters Facebook Twitter RSS YouTube Read Secret panel can put Americans on "kill list' 05 Oct 2011 Jobs authorized biography so his kids can know him | 06 Oct 2011 Hong Kong teen's somber design for Jobs a cyber hit 06 Oct 2011 'Simpsons' Deadline for Voice Actors Looms 06 Oct 2011 India launches "world's cheapest" tablet computer 05 Oct 2011 Discussed 347 Exclusive: Democrats push tax hikes first in deficit talks 225 Secret panel can put Americans on ”kill list’ 223 About 400 arrested in Wall Street protest Watched Children pay for North Korea food crisis Thu, Oct 6 2011 Apple's future without Jobs is unclear Thu, Oct 6 2011 The inside operation at Occupy Wall Street Wed, Oct 5 2011 Samsung says third-quarter to top consensus as phones boom Tweet Share this Email Print Related News Instant view: Samsung Q3 profit sags but beats forecasts Thu, Oct 6 2011 Analysis & Opinion The apotheosis of Steve Jobs Chart of the day, Apple price edition Related Topics Technology » Hot Stocks » Asian Markets » Media » iPad » A man shops at a Samsung Electronics shop in Seoul July 29, 2011. Credit: Reuters/Lee Jae-Won By Miyoung Kim SEOUL | Fri Oct 7, 2011 1:49am EDT SEOUL (Reuters) - Samsung Electronics said its quarterly profit should top the most bullish market forecasts, with smartphones becoming its main profit engine despite intense competition from bigger rival Apple. Indeed, analysts expect Samsung to report record profit from handset sales in the third quarter and overtake Apple as the world's biggest smartphone vendor in unit terms. The South Korean firm estimated its quarterly operating profit at 4.2 trillion won ($3.5 billion) versus a consensus forecast of 3.4 trillion won by analysts surveyed by Thomson Reuters I/B/E/S. That would be down 14 percent from a year ago but up 12 percent from the preceding quarter. The estimate released on Friday was higher than even the most bullish street view of 3.95 trillion won. Detailed earnings for July to September will be released later this month, Samsung said. "Samsung's estimates are far better than expected," said Park Jong-min, a fund manager at ING Investment Management. "Its telecommunications business is seen very positive as shipments of smartphones and other high-end handsets expanded." Investors are looking for signs the telecoms business can sustain strong growth for the year-end holiday season as its flagship Galaxy line of smartphones and tablets squares off against Apple's new iPhone, which goes on sale next week. Stellar growth and strong profit margins from its telecom business mark a big transformation for a company, which has relied for years on its mainstay computer memory chips to boost profit. It had a negligible share of the smartphone market until early last year. Samsung shares held steady on Friday, while the broader market rose 2.6 percent, an underperformance that analysts blamed on the prospects for a tougher fourth quarter owing to weak prices for memory chips and flat screens. However, Samsung shares had risen sharply in September as the wider market fell. Earnings at the world's biggest technology firm with sales of $130 billion last year, are set to slide to 3.4 trillion won in the fourth quarter, consensus estimates show. Profit from Samsung's telecoms division is widely expected to top earnings from the semiconductor business at the world's biggest memory chip maker. Analysts say Samsung is one of the best placed companies to deliver something fresh and exciting to rival Apple, which has released a string of big-hit products in the past two decades. It already makes the closest competing tablet by sales to Apple's iPad. Samsung sold 19 million smartphones in the second quarter and shipments are expected by analysts to have risen to more than 28 million units in the third quarter compared to the 60 million units Samsung is targeting for 2011. Samsung sold about 1 million fewer smartphones than Apple in the second quarter. It plans to release its first smartphone based on the latest version of Microsoft's mobile operating system this month, while a 5.3-inch screen Galaxy Note, a hybrid of a smartphone and a tablet, is set to go on sale later this year. Samsung leads a pack of companies selling phones on Google's Android operating system. "The Galaxy S II probably played a key role in boosting the company's earnings and it will continue to do so pretty much unchallenged, until Apple unveils a better new version of iPhone," said Kyung Woo-hyun, a fund manager at Daishin Asset Management. Samsung, which worked out how to make black and white TVs in the 1970s by tearing apart Japanese models, has become a top global brand over the past decade. It boasts a market value of $118 billion, much bigger than the combined value of Sony Corp, Nokia, Research In Motion, Toshiba and Panasonic Corp. Samsung's shares have fallen 5 percent over the past three months versus a 12 percent drop in Apple's shares. APPLE CHALLENGER Expectations for further momentum in Samsung's smartphone business grew after Apple's newest iPhone, unveiled this week, left investors and Apple's fans wishing for more than a souped-up version of its previous device introduced more than a year ago. "I previously thought Apple's new iPhone would slow Samsung's handset earnings momentum, but there was no iPhone 5, and the iPhone 4S will not be a burden on Samsung in the fourth quarter," said Ahn Seong-ho, an analyst at Hanwha Securities. But an intensifying legal battle with Apple over patents and designs threatens to dent growth of Samsung's handset and component business. Apple is also Samsung's biggest customer, buying mainly chips and displays. "I am very surprised at the (profit) numbers. I am guessing either a particular lineup of products with higher margins sold well, or cost cutting measures were aggressively implemented," said James Song, an analyst at HI Investment & Securities. Some analysts expected one-off gains such as reduced provisioning costs relating to royalty payments to Microsoft over smartphones and tablets using Android, or a cheaper won currency to boost profitability. The South Korean won tumbled 9.4 percent against the dollar in the third quarter, making Korean products cheaper to overseas consumers. Chips and flat screens are underperforming as consumers delay buying TVs and computers in a slowing global economy. This has pushed down prices of key components. Prices of dynamic random access memory (DRAM) chips used in PCs tumbled about 50 percent in the third quarter and many analysts, including those at Citi and UBS, believe Samsung was the sole profitable DRAM maker in the third quarter. Major global technology companies from Hynix Semiconductor to LG Display and Sony Corp are expected to report operating losses from their core businesses in July-September. ($1=1191 won) (Additional reporting by Hyunjoo Jin and Jungyoun Park; Editing by Jonathan Hopfner and Anshuman Daga) Technology Hot Stocks Asian Markets Media iPad Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 7 October 2011
Special Report: Crisis grips North Korean rice bowl |
French left milks novelty of presidential primary |
Ouattara urges Ghana to arrest Ivorian suspects |
Police abuses rattle faith in Mexico's drug war |
Expert to resolve discovery disputes in AT&T case |
Sony near buying Ericsson out of phone venture: report |
Regulator unveils plan for universal broadband |
Oracle to pay $199.5 million to resolve false claims case |
Rambus asked about shredded records in Nvidia case |
Defense challenges Jackson crime scene investigation |
ESPN and Hank Williams Jr. part ways on MNF |
Steve Jobs biography pushed up for release |
Billy Bob Thornton's daughter gets 20 years prison |
Dirty Girl Juno Temple charms Hollywood |
Israel holds suspects in settler deaths, mosque fire |
Pakistan says Obama pressure on militants hurts Afghanistan |
Drought-stricken Pacific islands down to last few days of water |
Thirty-two bodies found in Mexican Gulf state |
Bahrain youth dies after clash with police |
Syrian army shoots dead man inside Lebanon |
Arab Spring and Africa high in Nobel peace prize talk |
Sony in talks to buy Ericsson out of phone venture: source |
Samsung says third-quarter to top consensus as phones boom |
Jobs authorized biography so his kids can know him |
Apple-Samsung tablet dispute Australia ruling seen next week |
Apple's lead over rivals could narrow without Jobs |
Jobs's design legacy: more than just a pretty phone |
Apple's board needs to step up to new era |
Apple design guru key in post-Jobs era |
Analysis: Apple's iPhone: still the hottest ticket around |
Film festival comes to Kabul on war anniversary |
Defense criticizes Jackson crime scene investigation |
Steve Jobs' agony and ecstasy to hit NY stage |
Jilted Tareq Salahi to auction wedding ring |
Nobel Peace Prize honors African, Arab women |
Libyan forces battle for Sirte, civilians flee |
Yani Tseng sets course record, leads Hana Bank championship with 65
Home ownership rate drops to 65.1 percent
Reimer halts 32 shots, Maple Leafs rout Habs on NHL's opening night
Kids' ER visits for brain injury on rise
Dalai Lama to join Tutu birthday celebration via videolink
Afghanistan war marks 10th year quietly
Rethinking contraception and infection risk
Syrian forces kill eight protesters: activists |
Dialing into disaster risk reduction
Deportations of Zimbabwean migrants set to resume
Carlo Biado baffles Dennis Orcollo, reaches 8-Ball competition final
Russia says it will indict suspect in reporter's murder |
Karzai says he let Afghans down on security |
Italy's Berlusconi dismisses calls to resign |
Turkey tells France to confront colonial past |
Israeli forces state to change Jewish classification |
Sprint outlines network upgrade plans, shares rise |
Analysis: Apple's iPhone is still the hottest ticket around |
Netflix strikes expanded agreement with AMC |
EU clears Microsoft's Skype acquisition |
Intellectual Ventures sues Motorola Mobility over patents |
Management Tip of the Day: Recover from social media blunders |
Total Recall: Schwarzenegger opens Austria museum |
Netflix strikes expanded agreement with AMC |
Oscar nominee Diane Cilento dies: report |
Ireland's Gabriel Byrne brainstorms art and economics |
Billy Bob Thornton's daughter gets 20 years prison |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01