Samsung estimates $7.75 billion in Q1 profits, up 45 percent over last year


Samsung is announcing its earnings estimate for Q1 2012, and everything seems to be on the upswing. The company thinks its operating profit will land between 8.5 and 8.9 trillion won ($ 7.56 – $ 7.92 billion) for the quarter — that’s a big increase over the 5.85 trillion won the company pulled in during the same quarter last year. Revenues are also up, from 45.27 trillion won a year ago to somewhere between 51 and 53 trillion ($ 45.39 – $ 47.17 billion) this time around.

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