A Senior Executive at Samsung Electronics Corporation made a statement saying that profits are expected to soar in the third quarter. Such a rise is attributed to the launch of the new Galaxy Tab, which would be operating on Android software.
Less information were revealed regarding the cost of the product, yet Samsung's Executives shared a piece of information, adding that the South Korean cell phone giant would be providing the world's market with more than 25 million smartphones, in the third quarter of this fiscal year, facilitating the process of the Company reaching a double digit net revenue.
The Senior Executive also added that the international mobile market is expected to grow by 10% in 2011. Samsung being one of the largest smartphones manufacturer and provider in the world would be adding about 1.2 billion units to the cell phone market in 2010, among which 280 million will be smartphones.
This tablet computer was met by a very expectant market, which hailed the product and its technology, since its premier release in Berlin during the IFA event.
The operating profit of the Company had dropped earlier by 7.2% in 2010 in comparison to the 10.8% recorded a year earlier, at the same time of the year. At some point of the past quarter, Samsung asked for a 63.8 million phones shipment from abroad.
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