Monday, April 9, 2012

Samsung's Profit Hits Fast Track

from WSJ:


Samsung, the world's biggest technology company by revenue, on Friday told investors that it expects its operating profit for the January-March quarter to be between 5.6 trillion won (around $5 billion) and 6.0 trillion won.
That would beat its quarterly record 5.3 trillion won operating profit set in last year's October-December quarter and be nearly double the operating profit of last year's first quarter.


Even so, analysts on Friday noted that Samsung's guidance on operating profit likely meant that the cellphone unit accounted for more than half of the company's overall profit in the first quarter. Some analysts said the unit's operating margin likely climbed above 20% for the first time since 2004.

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