Skip to main content

Samsung profit forecast boosted by mobile sales as TV demand falls

Samsung UE55D8000

Korean electronics giant Samsung has issued a better-than-expected profit forecast for the third quarter of this year as its mobile business helped to offset a fall in TV demand.

Samsung says it expects an operating profit of 4.2tn won ($3.5bn; £2.3bn), a 14% dip from a year earlier, but better than market projections of 3.5tn won.

Analysts say they expect Samsung's mobile business to keep growing strongly, partly because Apple decided to launch an upgraded version of the iPhone 4 rather than a brand-new iPhone 5 model.

Yesterday Samsung sought to ban sales of the iPhone 4S in France and Italy over an ongoing patent dispute with Apple.

Follow whathifi.com on Twitter

Join whathifi.com on Facebook

Andy Clough

Andy is Global Brand Director of What Hi-Fi? and has been a technology journalist for 30 years. During that time he has covered everything from VHS and Betamax, MiniDisc and DCC to CDi, Laserdisc and 3D TV, and any number of other formats that have come and gone. He loves nothing better than a good old format war. Andy edited several hi-fi and home cinema magazines before relaunching whathifi.com in 2008 and helping turn it into the global success it is today. When not listening to music or watching TV, he spends far too much of his time reading about cars he can't afford to buy.