Samsung Set For Record Profit, THANKS GSIII

Our favourite Korean consumer electronics behemoth, Samsung, looks set to post another record quarterly profit on the back of its latest offering the 4G Galaxy SIII smartphone and Galaxy Note tab/phone hybrid.

The company is forecasting a $AU7 billion September-quarter profit, off the back of $45 billion in 3 month sales. That profit forecast is slightly ahead of the average forecast by 16 analysts surveyed by Reuters. Samsung shares were up 0.3 per cent in early Korean trade, and are up almost 30 per cent so far this year.

Analysts say provisions for the $US1 billion payout to Apple for patent breaches, as well as increased competition from Apple’s iPhone 5 are likely to see Samsung’s profit tail off a little in the last quarter of the year to somewhere closer to $AU6 billion :: Read the full article »»»»

UPDATE: Samsung Galaxy SIII

UPDATE: Samsungs Galaxy SIII Hits Australia

Samsung has been playing cat and mouse with tech-writers – over the Galaxy SIII – for several months, finally unveiling the device late last month at a press conference in what was probably one of the worst kept secrets in the tech industry.

Reviewers have only had a quick glance at the new gadget, but early thoughts determined after some quick time with the SIII suggest it may very well be an Apple beater?

Samsung Electronics has finally launched its new flagship Galaxy S III smartphone in Australia – late last week – pipping Apple to the launch of its next generation iPhone 5, rumoured to be unveiled later this year. The new Galaxy, launched at Sydney’s Capitol Theatre alongside an orchestra and a bunch of celebrities. SIII sports a 4.8-inch HD Super AMOLED display and comes with the latest Android – Ice Cream Sandwich - operating system :: Read the full article »»»»