Soaring sales of the Galaxy smartphone drove record
quarterly profit of $5.9 billion at Samaung Electronics,though the South Korean
tech giant is sweating over how Europe’s debt crisis in denting demand in its
biggest market for televisions and home applications.
The flagship Galaxy smart hones are likely to have stretched
their lead overover rivals Apple and Nokia – despite a parts shortage that meant
it struggled to keep up with stronger-than-expected demand for its latest S III
model.
“Our smartphones are flying off the shelves with some outlet
reporting 40-60% sales overall trading outlook which ismore challenging due to
the weak global economy and a weak euro,” said an executive who didn’t what to
be named.
In its April-June earnings guidance on Friday,Samsung valued
at $170 billion and the world’s leading maker of TVs smartphones and DRAM
memory chips,estimated operating profit jumped 79% to 6.7 trillion won from a
year ago.That would be 14.5% higher that the previous reord quarterly profit in
January-March .Samsung estimated its second-quarter revenue at 47 trillion
won($41.4 billion),just below a 50 trillion won forecast
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