Samsung Sees Quarterly Earnings at new High

Samsung Electronics Co. forecast another record quarterly operating profit, mainly because of strong sales of high-end smartphones. This record-high profit for a fourth straight quarter comes despite legal tussles with Apple Inc. that resulted in a $1 billion compensation judgment in August

According to Washington Post reports, analysts consider a rise in marketing spending will decrease the company’s profit in the October-December quarter.

Samsung estimated that its July-September operating income nearly doubled to 8.1 trillion won from 4.25 trillion won a year earlier. The result was better than the market consensus of 7.6 trillion won, according to a poll of 26 analysts by FnGuide Inc.

Samsung is also trying to overturn the U.S. jury’s verdict that it should pay Apple $1 billion for patent infringements. The judge’s decision is expected in December.

Normal
0

21

false
false
false

ES
X-NONE
X-NONE

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Tabla normal";
mso-style-parent:"";
font-size:11.0pt;"Cambria","serif";
mso-fareast-"Times New Roman";}


Trackback from your site.

Editorial Staff (@portada_online)

Portada is the leading source of news and analysis on the Latin Marketing and Media space. Credibility is our biggest asset: The Portada team is very passionate about producing high-quality independent content that helps drive forward the Latin Marketing and Media space.
El equipo editorial de Portada se apasiona por elaborar contenidos de alta calidad. La credibilidad es nuestro mayor activo. La misión de Portada es ayudar a profesionales de negocios y medios a comprender y alcanzar a consumidores latinoamericanos, del mercado hispano de EE UU y España.

MORE FROM PORTADA

#Portada16: Are Multicultural Media Buying Agencies Necessary?

#Portada16: Are Multicultural Media Buying Agencies Necessary?

One of the key highlights of the many sessions of #Portada16, co-produced with MediaPost last week, was the panel "Do Multicultural Media Buying Agencies have a Reason to Exist? The panelists argued passionately on a topic that is at the very crux of Multicultural Marketing and Media.


Lionsgate & Univision Launch Spanish-Language Movie Streaming Service 

Lionsgate & Univision Launch Spanish-Language Movie Streaming Service 

Lionsgate, the next generation global content leader, and Univision Communications Inc. are teaming to launch a premium subscription video on demand (SVOD) service for the booming Hispanic movie-going audience in the U.S.The new premium on demand movie service will tap base of more than 50 million hispanic consumers in the U.S.


IPG Mediabrands and Innovid Announce Partnership, New Technology to Improve OTT Video Experience

IPG Mediabrands and Innovid Announce Partnership, New Technology to Improve OTT Video Experience

IPG Mediabrands and Innovid have launched a partnership and set of products that could make waves in the video advertising world.