Samsung predicts rise in revenues but income fall

Posted by a staff writer

Samsung posted its financial estimations in the three months to the end of March, with enormous expected operating profits of roughly $7.7 billion (8.7 trillion won) - up over 50 percent from the same time last year.

The preliminary figures beat Wall Street estimates of 8.3 trillion won and serve as fighting talk from Samsung during its rise and rise in consumer electronics. Sales were roughly $46 billion (52 trillion won).

Samsung has found its place as the rival to Apple in consumer electronics. The danger will be usurping Apple itself and falling victim to that same arrogance which is beginning to erode Cupertino's reputation for must-have devices - the hype around the S4 was style over substance.

Samsung's Galaxy Note 8.0 tablet hit the British market today.

It's expected that Galaxy S4 sales will further boost the company's profits, as users hold out on buying devices until the latest models are in stores.

Samsung's Q2 results should be announced later this April. It is expected to reveal sales growth but a drop in overall net income.