BGN Entrepreneur

Samsung Electronics has informed the investors that due to the strong performance of its smartphone business, the third-quarter profits of the company are on target to beat the expectations of the analyst. This indicates that Samsung’s worsening legal disputes with Apple have yet to hurt the sales of its flagship Galaxy S handsets.
Samsung become the first big global technology company to give earnings guidance this quarter. According to the company, it was estimated that its operating profit for the July-September period will be around Won4,100bn. This represents a 14% decline from the previous year, largely because its chip and display businesses go on suffering from cooling demand for televisions and computers amid the global economic slowdown.
However, the estimates were still up by 12% of the preceding quarter and topped the most bullish market forecasts. This reveals how Samsung’s Android-based Galaxy S phones have managed to become a serious challenger to Apple’s iPhones.

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