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Samsung foresees rise in sales

Discussion in 'TechSpot News and Comments' started by Matthew, Jul 6, 2009.

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  1. Matthew TechSpot Editor, Community Manager

    Samsung announced today that it is projecting a growth in sales for the present quarter. The South Korean company expects to see consolidated sales of $24.46 to $26 billion for the quarter. This is up from $22.96 billion worth of sales in the year ago quarter. Operating profit is forecasted to total $1.74 to $2.05 billion – about on target with the previous year’s $1.89 billion.

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    Matthew, Jul 6, 2009
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  2. raybay TechSpot Addict

    And so is everybody else.
    It is part of the marketing game, and the efforts they owe their stockholders... After an 18 months of a disastrously poor down period, they can only go up.
    Samsung has always been amazingly cleaver during down times... This time, they have restructured all of their memory manufacturing plants, created an entirely new plan for solid state drives that includes 11 other major companies, and negotiated their way out of a number of oppressive contracts that were pulling Samsung and others down. They are building more memory, better flash products, new laptop and desktop hard drives, and a revitalized Laptop Division. You will see a lot more Samsung laptops in the stores by mid November.
    For top international companies, a downtime is a boon to their stockholders, and Samsung got out from under a number of oppressive contracts.
    raybay, Jul 6, 2009
    #2
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