Samsung Q1 Profit Signals Recovery Ahead of Galaxy S6, S6 Edge Launch

April 7, 2015 6:18 AM

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Samsung Q1 Profit Signals Recovery Ahead of Galaxy S6, S6 Edge Launch

Operating profit likely reached KRW 5.9 trillion ($5.44 billion, roughly Rs. 33,893 crores) in the first quarter, the South Korean manufacturer said on Tuesday, versus the 5.3 trillion won average estimate of 41 analysts in a Thomson Reuters I/B/E/S survey.

This was also better than KRW 5.3 trillion reported for October-December even though the first quarter tends to be a seasonally weaker period as the industry comes off the year-end peak. Samsung typically releases final first-quarter figures towards the end of April.

Also read: AMD will sneak-peek its high-end Zen CPU in December, starting a new CPU war

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