Samsung expects around $7.28 billion in operating profits for Q3, setting another record

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Samsung has provided investors guidance ahead of its full Q3 earnings report that's due before October 26th, and as has been the custom, the numbers are huge. It's expecting a fourth straight record quarter with overall operating profit of 8.1 trillion won ($7.28 billion), an amount that would more than double last year's results for the same period and clear Q2s $5.86 billion, all on sales of 52 trillion won ($46 billion). We'll have to wait for the full report to see numbers broken down by department, but it's safe to say that there's a lot of Galaxy S IIIs (it ticked past 20 million last month) adding up to reach that pinnacle. Reuters and Bloomberg have predictions from various analysts on how many handsets, RAM chips and flat-panel HDTVs were sold, but if its legal battle with Apple ends in the worst-case scenario, at least we figure Samsung will have enough left over to keep the lights on.

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Samsung expects around $7.28 billion in operating profits for Q3, setting another record originally appeared on Engadget on Thu, 04 Oct 2012 20:33:00 EDT. Please see our terms for use of feeds.

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iPad estimated to be cornering nearly 73% of Chinese tablet market

iPad estimated cornering nearly 73% of Chinese tablet market

We're used to seeing tablet market share illustrated on the world stage. China, however, has usually been untouched. Analysys International has taken a crack at decoding the market and has bucked a few expectations in the process: according to its estimates, the iPad's lead is even larger in China than it is worldwide. About 72.7 percent of all tablets sold in the country during the second quarter were Apple-flavored, while homegrown hero Lenovo was a distant second at 8.4 percent. Everyone else had to contend with less than four percent and reflected the more diverse Chinese technology sphere -- relative heavyweights like Acer, ASUS and Samsung had to hob-nob with brands that have little recognition elsewhere, such as Eben and Teclast.

The researchers credit Apple's lead, a 7.8-point gain, to a combination of the new iPad and a price-cut iPad 2. We'd add that Analysys' figures might not tell the whole story, though: China is well-known for its thriving shanzhai market, where legions of KIRFs and very small (usually Android-based) brands likely slip under an analyst group's radar. That said, it's still an illustration of how Apple's influence in tablets is a distinct reversal of its much smaller smartphone share, even in a nation that's a hotbed of Android activity.

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iPad estimated to be cornering nearly 73% of Chinese tablet market originally appeared on Engadget on Wed, 08 Aug 2012 17:08:00 EDT. Please see our terms for use of feeds.

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