Samsung's Q2 profits beat record, miss expectations

Samsung has released its Q2 financial guidance and the profits of the market leaders are projected to be $8.33 billion, a new record and an impressive $3 billion improvement over the same quarter last year.

As, one can expect, the strong sales of the company's flagship smartphone, the Galaxy S4 and its Galaxy S series along with its Note lineup have contributed the most to the record numbers.

However, despite the growth the numbers posted are slightly lower than market analysts expected. Profit was expected to reach $8.9 billion and missing on that number might have a negative impact on the stock prices of the South Korean giant.

The total sales figure and other numbers will be available on July 26 when the financial results for Q2 will be officially revealed.

Source