Samsung Primed for Record Profit as S4 Phone Sales Set to Start
This article is for subscribers only.
Even without Christmas or the benefit of a new hit device, Samsung Electronics Co. posted near-record earnings in the first quarter. Profit is set to surge when the Galaxy S4 smartphone goes on sale this month.
The mobile-phone business again was the company’s biggest earnings driver, with sales of cheaper handsets in emerging markets supplementing growth by high-end Galaxy models. Operating profit rose to about 8.7 trillion won ($7.7 billion) in the three months ended March 31 from 5.69 trillion won a year earlier, Asia’s biggest technology company said today.