Samsung: 380 smartphones sold each minute

Samsung is the new world leader in smartphone market and has successfully managed to impose its Galaxy range. But the context of global economic uncertainty raises fears of a fall in demand for these expensive devices which could have a significant impact on its financial results.

The Korean group remains very positive and strongly reaffirms the role of engine of growth in its mobile arm. He just announced that it expects a record operating profit for the second quarter of 2012, the order of 6.7 trillion won (almost $ 6 billion).

This does not prevent the markets to worry about keeping his other activities, be they semiconductors, production of flat screens or electronic equipment for living in a global market disruption.

Samsung also does not exclude the possibility of setting up a plan to reduce costs in response to changes in the European market, its largest customer for electronic products, while the value of the euro loses ground against the won.

On its mobile arm, the Korean group expects to double profits, to 4.4 trillion won, for a volume of 50 million smartphones sold, 380 Samsung smartphones sold every minute.

The effect of sales of Galaxy S III, its new flagship model, will be felt not only in the third quarter of 2012 (it was launched in early June in Europe and at the end of that month in the U.S.). The current quarter could therefore do better and analysts expect an increase in operating profit of the activity of nearly 30%.

Later he will do with the release of new Apple iPhone, which may cause a temporary slowdown in sales, but Samsung also benefits indirectly by being the supplier of several components of mobile products group Cupertino. The overall environment remains positive for the coming quarters.

Samsung to present its full financial results for the second quarter of 2012 by the end of July.

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