Samsung said today that they are expecting record operating profit results for the third quarter. The company have been plagued this year with legal battles, losing over $1 billion to Apple in an American patent case. Samsung have appealed this ruling.
Samsung are still the world’s largest smartphone maker and are expecting operating profit results between $7.09 billion and $7.45 billion US for the quarter ending September 30th.
The company are expecting sales between $46 million and $48 million for the third quarter, according to a regulatory filing. Samsung have been growing since the first quarter of 2011 and continue to hold Apple in second place in regards to smartphone sales. The Galaxy S III has been a huge seller for the company, appealing to a wide audience of tech savvy users.
Analysts claim that their smartphone shipments will continue to grow in the fourth quarter. The company are said to be worth $183 billion. Their results will be released later this month.
Kitguru says: Samsung are in a very healthy situation, although their legal battle with Apple continues.