We just reported that HTC has actually lost money in Q3, and now Samsung is predicting an operating profit of $9.3 Billion. Which is another record for the Korean electronics giant. Samsung is expecting to post a record operating profit of just $10.1 trillion won, which is around $9.3 billion USD, in the third quarter. So the fears that Samsung wouldn’t sell enough Galaxy S4’s seems to have been over nothing. As they sold plenty of those and other phones.
This is the unaudited numbers from Samsung. I’d expect some more official numbers later this month from Samsung, HTC and every other company out there. Samsung said that their operating profit would be between 9.9 trillion and 10.3 trillion won. Which is about $9.2 billion and $9.6 billion. This is for the three-month period that ends in September. This is a 5% increase over Q2 and a 24% increase year-over-year.
The company’s Q3 estimates are a bit better than the 9.96 trillion won consensus forecast by a Thomson Reuters poll of analysts. Samsung’s operating profit for the second quarter increased by 47% over the same period in 2012. But the operating profit for Samsung’s mobile division, which accounts for roughly 66% of it’s revenue, declined 3.5% from the previous quarter. Which is leading some analysts to believe that the Galaxy S4 wasn’t selling as well as they hoped it would.
Now that the Galaxy Note 3 is out there, I expect to see their Q4 numbers to increase quite a bit. It seems lately that everyone goes for the Galaxy Note series instead of the Galaxy S devices now. So it wouldn’t surprise me in the least. It’s great to see Samsung making tons of money, and record profits every quarter. I just wish we could write this about every OEM and company out there. It sucks when company’s are losing money, because that means someone’s losing their job….more than likely.