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Samsung To Hit Record Profits

Samsung To Hit Record Profits

This marks a rise from 9.5 trillion won operating profit recorded in the second quarter.

Third quarter sales are forecast to increase between 11%-15% to 58 – 60 trillion won, as the Samsung global smartphone domination continues, its latest earnings estimates show.

The news comes as analysts from IDC today confirmed Samsung is still leading the smartphone race in Oz, thanks to its scale, and slew of models at various price points.  

Samsung is leading in both in the Android race, beating LG, Sony or HTC, and has also larger share of the mobile pie than former king, Apple.

The Korean giant is set to announce its earnings later this month.