Samsung Operating Profit For 2nd Quarter At Record Levels

Samsung expects a record level increase in the company’s operating profit in the quarter ending June 30, 2010. The announcement comes against the backdrop of impressive rise in the sale of computer memory chips and liquid crystal displays. In a statement released recently, the South Korean electronics giant has said that it expects the consolidated […]

Samsung expects a record level increase in the company’s operating profit in the quarter ending June 30, 2010. The announcement comes against the backdrop of impressive rise in the sale of computer memory chips and liquid crystal displays.

In a statement released recently, the South Korean electronics giant has said that it expects the consolidated operating profit to be recorded between 4.8 trillion won and 5.2 trillion won ($4.2 billion) in the three month period. That’s a first considering that the previous high recorded by Samsung has been 4.41 trillion won (in Q1, 2010).

However, analysts expect this growth to slow down in the light of a slowing economy in the second half of this year. However, it may be noted that Samsung is a major manufacturer of OEM that is used in smartphones and tablets from companies including Apple. With several companies learned to be working on new smartphones and tablet for this year’s holiday season, Samsung could match, if not breach, the current operating profit record. What are your thoughts?