|
Posted by Will Smith
|
|
Sunday, 07 October 2012 06:11 |
|
Samsung are biting hard at Apple's heels ... could they overtake Apple in the profits race?
"Full quarterly results are due by the end of the month. Samsung has offered up its official financial numbers for its latest quarter and has posted record quarterly profit. Samsung posted a profit of $7.3 billion, which is nearly twice the figure from the same quarter of last year. Samsung says that strong sales of high-end TVs and its Galaxy smartphones were the key drivers for the record profits.
While Samsung Electronics is riding high this quarter, most expect the next quarter to be significantly more challenging. Samsung is believed to have spent about $2.7 billion on marketing in the quarter spanning July to September alone during the London Olympic Games and to promote the new Galaxy smartphone. The estimate on marketing expenses comes from Credit Suisse."
Source: Dailytech
|
