Samsung Surges
April 6, 2012 by Douglas A. McIntyre
Also in the world of smartphones and consumer electronics, Samsung said it expects a record first quarter profit of $5.15 billion. It gives most of the create to sales of its handsets and tablets. Samsung has emerged as the only wireless device company which has a line of products broad and popular enough to compete with those from Apple. Samsung also has the leverage of size. It is expected to pass Nokia to become the No.1 handset maker in the world, which will give it a strong presence on every continent.
Samsung is far from making the kind of income Apple does, but, unlike many competitors, it is not losing money to stay in the game. That cannot be said for Research In Motion, Motorola, and probably LG.
Douglas A. McIntyre
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