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
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
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
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
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
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
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
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Fred Kempe
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
George Zimmerman: Prelude to a shooting
25 Apr 2012
Florida judge blocks drug tests for state workers
4:19pm EDT
The Killers saxophonist commits suicide
1:58pm EDT
Tens of thousands sing in protest at Breivik trial
|
3:42pm EDT
SEC starts probe of Chesapeake CEO's well stakes
5:23pm EDT
Discussed
400
George Zimmerman: Prelude to a shooting
324
Washington sues Florida city over firefighter tests
99
Nugent says had ”solid” meeting with Secret Service
Watched
ExoHand gets to grips with future of automation
Tue, Apr 24 2012
Gold standard inevitable, $10k/oz looms, says new book
3:30am EDT
Mitt Romney says he would boot Ben Bernanke - The Trail
Tue, Apr 24 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
A day with the LAPD
A day with the LAPD where the riots began 20 years ago. Slideshow
Extreme fishing
The extreme ways some people go to catch their seafood. Slideshow
Smartphones to lift Samsung to record $5 billion profit
Tweet
Share this
Email
Print
Related News
Nintendo's hard choices for a soft landing
Wed, Apr 25 2012
Apple crushes Street targets, dispels iPhone fears
Wed, Apr 25 2012
UPDATE 3-High-end TV sales help LG Electronics triple Q1 profit
Wed, Apr 25 2012
Analysis: As technology shifts, Asian giants wrestle for TV control
Tue, Apr 24 2012
Apple infringes on Motorola Mobility patent: ITC judge
Tue, Apr 24 2012
Analysis & Opinion
Twitter gives peace a chance in patent wars
Previewing e-books defense: No price-fixing, no harm to readers
Related Topics
Tech »
Media »
An employee poses with Samsung Electronics' Galaxy phones at a store in Seoul March 14, 2012. SAMSUNG/
Credit: Reuters/Kim Hong-Ji
By Miyoung Kim
SEOUL |
Thu Apr 26, 2012 2:43pm EDT
SEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, will report record quarterly operating profit of around $5 billion later on Friday on soaring sales of its Galaxy smartphones and as South Korean firms outmuscle Japanese rivals in TVs and memory chips.
Samsung, whose $184 billion market value is worth around a dozen Sonys, is set to topple Nokia as the global handset leader after 14 years, and its Android-based Galaxy line-up will have outsold Apple's iPhone as it won users from Nokia, Blackberry maker Research In Motion, Motorola and others.
The South Korean firm, which last year sold close to one in every 5 smartphones worldwide, should build on that market leadership with the launch in London next week of a third generation of its flagship Galaxy S, backed by heavy marketing ahead of the summer Olympics.The new Galaxy will be powered by Samsung's quad-core microprocessor, which it hopes to see used in handsets sold by Nokia, HTC and Motorola, as well as Apple, its biggest customer.
And, while Apple said this week that iPhone 4S sales boosted its quarterly revenue in China five-fold, there are more Samsung handsets than Apple phones in the world's biggest mobile market, said IDC analyst Wong Teck-Zhung in Beijing.
Samsung - which has deals with all three of China's big telecoms operators - already pushed out Nokia as China's top smartphone vendor in the fourth quarter, with a near-25 percent market share, and analysts expect that to have increased as Nokia slips further. "Samsung's smartphone success in the first quarter was the flip-side of Nokia's disappointment," Matt Evans, CLSA analyst said in a recent report.
China's smartphone growth has defied most forecasts, and South Korean smartphone chip maker SK hynix this week predicted smartphone sales in China could be 20-30 percent higher than originally expected, given the level of orders it has seen.
"Overall Chinese demand was very strong in the first quarter and will drive global smartphone shipments to over 700 million this year," Kim Ji-bum, SK hynix head of global marketing and sales, told analysts on Thursday.
Samsung, led by Chairman Lee Kun-hee, said earlier this month its quarterly operating profit will be 5.6-6.0 trillion won ($5.1 billion), close to double the year-ago quarter, and analysts predict handsets will bring in around two thirds of total profit.
STRONG MARGINS
Samsung is estimated to have sold some 90 million handsets, including 44 million smartphones, in January-March, beating Nokia's 83 million handsets, which included 12 million smartphones. Apple sold 35.1 million iPhones, which accounts for about half its revenue, in the March quarter. CLSA's Evans reckons each Galaxy S II sold generates about $135 of operating profit.
"The key will be how profitable Samsung's handset business was in the first quarter as they had strong sales with little marketing spend increase in the absence of major product releases," said Lee Sun-tae, an analyst at NH Investment & Securities, noting, however, that margins would come under pressure again as the new Galaxy launch will come with a hefty marketing budget.
Analysts expect a near-20 percent operating margin from handsets thanks to strong sales of the Galaxy S II and the Note phone/tablet - Samsung's top-end model with a throwback stylus and 5.3-inch screen.
"But Samsung is reshuffling its product mix to drop feature phones and increase smartphone models. That'll limit the downside," added Lee.
Samsung's home market remains its most lucrative as South Koreans buy high-end models and the company has a near-70 percent market share. Its smartphone operating margin in South Korea is around 38 percent, estimates CLSA, close to Apple's and nearly double the margin for Samsung's overall mobile business.
Samsung competes with Sony and LG Electronics Inc in TVs, Toshiba and SK hynix in chips and LG Display in displays.
Shares in Samsung have climbed 27 percent so far this year - hitting a life high of 1.351 million won ($1,200) earlier this month - far outperforming the benchmark index's 7.6 percent gain.
($1 = 1141.2500 Korean won)
(Editing by Ian Geoghegan)
Tech
Media
Related Quotes and News
Company
Price
Related News
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.
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
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
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.