Friday, July 6, 2012

Samsung soars, HTC stumbles with 2Q profit forecasts




The Galaxy S franchise continues to propel's Samsung's success.


(Credit: Josh Miller/CNET)

Samsung Electronics and HTC illustrate the disparity between the haves and have-nots in the smartphone world.


Samsung earlier today said it expects to post a record 6.5 trillion won ($5.7 billion) to 6.9 trillion won in profit and 46 trillion won ($40 billion) to 48 trillion won in revenue, both up significantly over the year-earlier period.


HTC, meanwhile, said it expects to post a profit of NT7.4 billion ($247 million) and revenue of NT91 billion ($30.4 million), with profit falling for the third consecutive time.


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