Samsung predicts operating profit to jump 49 percent on mobile sales

Samsung Electronics said today that it expects a first-quarter operating profit of between 8.5 trillion won and 8.9 trillion won ($7.6 billion to $8 billion), a sharp increase of at least 49 percent from a year earlier. Market watchers said the South Korean electronics giants appears to be poised to post better-than-expected results despite seasonally slow first-quarter demand for IT products and costs resulting from a patent dispute with its biggest rival, Apple.

Source: http://www.infoworld.com/d/mobile-technology/samsung-predicts-operating-profit-jump-49-percent-mobile-sales-215889

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