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Friday, October 7, 2011

Samsung optimistic to beat Apple

/ On : 11:21 PM/
ShoutBloger: Samsung said the company should benefit greatly and his smartphone into a major profit engine, although competing closely with Apple.

South Korean company's earnings were estimated at $3,5 trillion. Profits down 14 percent from a year ago but up 12 percent from the previous quarter, as reported by Reuters on Saturday October 8, 2011.

Detailed income South Korean companies are expected to be released later this month.

Estimates Samsung is much better than expected, said fund manager at ING Investment Management, Park Jong-Min. According to the telecom business is very positive.

Analysts said Samsung is one of the best companies to provide something new and very exciting to see compete with Apple.

Samsung has sold 19 million smartphones in the second quarter and is expected to increase by more than 28 million units in the third quarter.

Samsung Galaxy S II plays an important role in improving corporate profits, and will continue to do so until Apple introduced the new version better than the Apple iPhone, said Daishin Asset Management fund manager, Kyung Woo-hyun.

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