Samsung Sees$7.7 Billion Profit in 1Q2013

Samsung’s earnings estimates for the first quarter of 2013 are $46 billion in sales and $7.7 billion in operating profits, growing by 53% compared with the same quarter in 2012.

Samsung gained $7.8 billion in operating profits for 4Q2012. But the favorable result for this quarter mainly came from the traditionally huge holiday sales. Let’s also credit the Galaxy S3 smartphone, which arrived in the U.S. in July 2012 and contributed to the expanded sales. According to 5 analysts’ data compiled by Reuters, Samsung has sold 68 to 70 million smartphones in the first quarter of 2013.

But these numbers are all estimates. Samsung will release its full earnings report with the exact statistics for 1Q2013 on April 26.

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