Samsung is just weeks away from the release of the Galaxy S 4 and thanks to strong mobile sales, increased its first quarter profit by 53 percent to 8.7 trillion won or $7.7 billion. These numbers were released ahead of full first quarter results on April 26 and beat analyst estimates by 400 billion won or $353,466,000. Samsung’s mobile division continues to grow with this being the fifth straight quarter in a row with record-breaking profits. As far as how many smartphones were sold, the South Korean company estimates anywhere between 68 and 70 million. However, Samsung isn’t planning on stopping there. According to a report from Digitimes, Samsung has set a goal of 500 million handsets shipped in 2013.
Source: Reuters
Come comment on this article: Samsung Electronics Grows Profit By 53%, Fifth Record-Breaking Quarter In A Row
