Samsung Quarterly Profits Estimated At Nearly $6 Billion

by Mike on July 5, 2012

Samsung Galaxy S III Stock

As we move into July, all eyes are on Samsung to see just how well they have fared financially this quarter. With the expectation being that the results will be out by the end of the month, there are some positives regarding Samsung and yet, there is also a dark cloud that seems to be concerning their executive team.

From the positive site, investors will be happy to hear that the company will post a healthy profit that is estimated to be around $5.9 billion. There are a number of factors that have led the company to this successful quarter, but of course, one of the biggest contributing factors has to be the company’s mobile phone, the Galaxy S III. This of course is great news for the company, but while they enjoy this success, there are also some concerns. Reuters is reporting that one of the challenges facing the company is coming out of Europe where heavy debt loads could impact the company’s overall sales. Europe is without a doubt the biggest market for Samsung at this time and the financial problems within Europe could impact the decision making process that occurs within the company with the Korean hardware seller possibly looking to reduce costs as well as raise hardware prices to the end user if the euro drops in to far in value.

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