Samsung will announce earnings for the first quarter next Tuesday, but don’t expect much. However, investors are expecting big things for the rest of the year.
Shares already hit a 21 month high in mid-march with the belief that the Galaxy S6, Galaxy S6 Edge, and other mid-tier phones will boost sales. Strong semiconductor sales will also drive sales as Samsung is now committed to their own Exynos processor and they have signed up NVIDIA as a new customer.
Samsung is estimated to sell 44 million Galaxy S6 and Galaxy S6 Edge phones this year, which will best the Galaxy s5’s 38 million last year.
As much as all of this is positive, the recovery is expected to be gradual. In other words, don’t expect Samsung to reach the record profits they enjoyed in 2013.
source: Reuters
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