Samsung Projects 53 Percent Profit Increase in Q1 2013

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Samsung has released sales estimates for Q1 2013 today, with the electronics giant expecting to record an operating profit of 8.7 trillion won, or $7.7 billion, an increase of 53% over Q1 of 2012. A full earnings report will be released at the end of the month, on April 26th.

These numbers show that Samsung is expecting to break its run of record profits over the last five quarters, with the Galaxy Note and S lines facilitating this growth. Analysts at Counterpoint Research in Hong Kong estimates that Samsung shipped over 70 million smartphones in Q1 2013, and successfully moved around 25 million smartphones in each month of 2013.

With the upcoming Samsung Galaxy S4 going up for pre-order on April 16th and shipping shortly thereafter, Samsung looks to be poised to increase their domination in the smartphone market this year.

[Via: CNET]

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