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Samsung Electronics' Second Quarter Profits Estimated at $8.33 Billion But Misses Forecast

Samsung Electronics has given a sneak preview of its second quarter profits. They top out at a cool $8.33 billion. This is a whole lot of cash. However, there are doubts regarding the continued growth in sales of the Galaxy S4 as it misses analysts forecast.

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Samsung Electronics' Second Quarter Profits Estimated at $8.33 Billion
 
 

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Samsung Electronics' Second Quarter Profits Estimated at $8.33 Billion But Misses Forecast

Samsung Electronics' Second Quarter Profits Estimated at $8.33 Billion

The technology giant, Samsung has made a winning strike on the cash nexus. It amounts to 9.5 trillion Korean Won/ $8.33 billion and the dollar bills just might see it through. A major reason for this lucrative earning record is the sales of its Galaxy S4 Series. The second quarter earnings for 2013 are much better than the incoming revenue for the last quarter. By the way, that was $6.4 billion as stated by Reuters. In fact, it is $3 billion more than was raked in during the second quarter of 2012. Samsung is proud of its hard working staff and administration. And so it should be. Certain legal guidelines in South Korea prevent the public disclosure of earnings. So a median value was given by Samsung.

The only hitch in the way is its Galaxy S4. Paradoxically, the sales of this device seem to have reached their peak. But this is all just speculation. How it will actually be in reality is something on which all bets are off. Samsung sets high goals for itself. It had estimated that the profits would amount to 10 trillion Won in its earnings guidance reprot released today. This it missed by a wide margin. Its Galaxy S4 Series allowed it to snatch the #1 position in the US market from Apple Incorporated. Apple’s iPhone lost out to Samsung.

Meanwhile, the luxury smart phone market is at its peak point. The way from here may be down. Already there has been a deficit of two million smart phone shipments. This is an alarming trend for Samsung which will have to see to it that sales remain in the stratosphere. Samsung’s televisions too face some pretty stiff competition from rival companies. While the unusually high expectations were not met, the overall scenario is not so gloomy. The only thing that irks Samsung is that it may go down the path of Apple Incorporated which was a world leader once upon a time.

Companies have to stay lean and hungry if they are to survive in the piranha infested seas that form the global economy. The flagging sales of its S4 and falling of shares by 3% were a bit dismal. Yet Samsung is a flexible conglomerate that thrives on chaos. It may just re-emerge a winner from the debris. For one thing, it will have to keep its options open. Instead of just catering to the high end market it will have to look to the low end segment of the global population too. That may just be the change it needs to make for some serious growth and profitability. 

Image Credit: Getty Images

 

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Update: 11

Best Buy Accidentally Revealed How Much Motorola's Google-Powered Smartwatch Will Cost (GOOG)

Source: The Business Insider

Motorola is expected to reveal more information about its Moto 360 smartwatch next month, but it looks like Best Buy has already beat them to it. The electronics retailer posted a product page for Motorola's new smartwatch, revealing that it will cost $249.99. At that price, the Moto 360 will cost a little more than Samsung's Gear Live smartwatch ($199) and the Pebble Steel ($229), but sligh ...
Source: The Business Insider   Full article at: The Business Insider 3 days ago, 7:35am CDT
 


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Update: 10

Rumor: 'A8' chip in Apple's 'iPhone 6' will stick to 1GB of RAM

Source: Apple Insider

A newly leaked document claiming to be a schematic for Apple's next-generation "A8" processor expected to power the "iPhone 6" claims the chip will come with 1 gigabyte of RAM, falling short of competing devices like Samsung' ...
Source: Apple Insider   Full article at: Apple Insider 3 days ago, 7:32am CDT
 

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Update: 9

LG G Watch 2: Ready for a smartwatch sequel already?

Source: Fifth Gear

The LG G Watch was only announced a couple of months ago and has been available for even less amount of time, but already it looks like LG could be readying a sequel to the Android Wear wristwatch, and it may be unleashed at this year’s IFA event taking place next month! While the original LG G Watch is a fairly affordable rival to Samsung’s Android Wear smartwatch, could the follow-up be a high-end Apple iWatch rival? Read on for all the details!. When we got our hands on the f ...
Source: Fifth Gear   Full article at: Fifth Gear 4 days ago, 4:15am CDT
 

Update: 7

Ritot Projection smartwatch: Beam notifications and the time right onto your hand!

Source: Fifth Gear

Meet the Ritot Projection watch, which is a smart timepiece with a difference. As the name hints, it projects everything you need to know straight onto your hand, which means there’s no need for a screen, giving you a wearable that looks more like a bracelet or vibrant fitness band than a smartwatch. Fancy one of these? It’s not just the time that the Ritot is capable of projecting onto your hand in huge n ...
Source: Fifth Gear   Full article at: Fifth Gear 4 days ago, 6:00pm CDT
 

Update: 6

Apple wins 2014 ‘Outstanding Commercial’ Emmy Award for ‘Misunderstood’ holiday ad

Source: 9to5Mac

Here’s some good news for Apple amid several months of controversy surrounding the Cupertino-company’s marketing efforts: Apples’ 2013 Holiday season television commercial “Misunderstood” has won a Creative Arts Emmy Award for most “outstanding commercial” in 2014. The award was announced on the Emmy’s winners list last night, and the Creative Arts Emmy Awards are presented for “guest performers on television dramas and comedy series, as ...
Source: 9to5Mac   Full article at: 9to5Mac 4 days ago, 3:54pm CDT
 

Update: 5

In Depth: 10 awesome things your smartphone will do next

Source: Tech Radar

10 awesome things your smartphone will do nextThe smartphone is the Very Hungry Caterpillar of technology, munching its way through all kinds of devices as the phone in your pocket replaces all kinds of stand-alone kit. It's already chewed through sat-navs and compact cameras, iPods and even torches - and it's still hungry. Here's what's next on the menu.1 KeysYour phone probably won't replace your front door Yale key any time soon, but it ...
Source: Tech Radar  Full article at: Tech Radar 5 days ago, 7:01am CDT
 

Update: 4

It is to laugh

Source: Mac World

PUBLIC SERVICE ANNOUNCEMENT: You asked for it, we made it: For a limited time you can get an “I’m the Macalope” mug! Because who is the Macalope? We all are.Get set for hilarious hijinks as pundits line up to tell us how the next iPhone can’t help Apple, what the next iPads must have, and how awesome Windows Phone is doing, whoops, it’s not at all.Fun with false equivalencies CNBC’s Arjun Kharpal is here to share the love. Wait, did the Macal ...
Source: Mac World   Full article at: Mac World 6 days ago, 6:00am CDT
 

Update: 3

The Web Surfing Is Also Much More Refined And Seems Faster With The Chrome-like Integrated Web Browser.

Source: Experience Project

In fact, other than for a couple of Chromebooks, for Mac', and not Wi-Fi or 3G as in case of Samsung phones. If you're out to buy a portab ...
Source: Experience Project   Full article at: Experience Project 6 days ago, 3:44am CDT
 

Update: 2

A mini laser printer at an unbeatable price

Source: CNet

If you're looking for a budget laser printer, the Samsung SL-M2020W should be your first s ...
Source: CNet   Full article at: CNet 6 days ago, 6:56pm CDT
 

Update: 1

All of the Moto X+1’s specs just leaked ahead of next month’s announcement

Source: BGR

Motorola will finally unveil its next-generation flagship smartphone during an event in Chicago on September 4th. The handset, which is regularly referred to as the "Moto X+1," will face the steepest imaginable competition following its debut; Samsung is widely expected to unveil its new Galaxy Note 4 one day prior to Motorola's event, and Apple will take the wraps off of the completely redesigned iPhone 6 just five days a ...
Source: BGR   Full article at: BGR 6 days ago, 3:10pm CDT
 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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