Samsung predicts 80% profit leapJuly 6, 2012 - 13:54 AMT PanARMENIAN.Net - Samsung Electronics, the world's largest maker of memory chips, mobile phones, flat-screen panels and televisions, has said its preliminary second-quarter operating profit jumped nearly 80% from a year ago to a record high, Belfast Telegraph said. Analysts attributed the sharp rise to its mobile business. The operating profit for April to June was estimated at between 6.5 trillion and 6.9 trillion won (£3.6- £3.9 billion), the company said. The figure, in line with an average estimate of analysts, beats Samsung's previous record of 5.85 trillion won profit, reported in the first quarter of 2012. Samsung said revenue for the second quarter was expected to come in between 46 trillion and 48 trillion won, up around 19% from the year-earlier period. Although Samsung did not break out figures for each division, analysts believe at least four trillion won of its profit is from its mobile business. Brisk demand for the high-end mobile phones helped Samsung offset a weaker profit growth in its semi-conductor and other consumer electronics businesses during Europe's debt crisis. Samsung began selling the latest version of the Galaxy smartphone on May 29, in an attempt to get a head start before its rival Apple announces a new iPhone. Analysts estimate Samsung shipped between 48 million and 52 million units of smartphones in the second quarter, including around six million Galaxy S III smartphones. Samsung will announce full results later this month. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. At least 2 CSTO members participated in preparing 44-day war against Armenia – PM Nikol Pashinyan has declared that at least two CSTO member countries participated in preparations for the 44-day war against Armenia. |