Samsung reports US$7.7bn Q1 operating profit, up 53pc on last year

5 Apr 20132 Shares

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The Samsung Galaxy S4

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Consumer electronics giant Samsung has predicted a stronger first quarter than expected after estimating it has made operating profits of US$7.7bn on the same period last year.

The South Korean company, which is about to release its next-generation smartphone the Galaxy S4, estimated that sales will have increased 15pc to US$46bn for the quarter.

Samsung is estimated by Counterpoint Research to have sold 25m smartphones for each month of 2013, exceeding 70m in the first quarter – up from 63m in the fourth quarter of 2012.

This compares with Apple’s iPhone shipments, which are estimated to have slid 30pc to 30m in the same quarter.

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com