1 week Ago By Qatar Tribune
Qatar tribune Agencies Samsung Electronics on Tuesday unveiled a record first quarter sales forecast and said it saw a better-than-expected performance for profits, beating market expectations. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest economy. The tech giant said in a regulatory filing that its January-March operating profits were expected to rise to 6.
6 trillion won ($4.5 billion), down 0.15 percent from a year earlier but up nearly two percent on the previous quarter.
This was almost 34 percent higher than the average estimate, according to South Korea’s Yonhap news agency, which cited its own financial data firm. Sales were also seen increasing to 79 trillion won, a near 10 percent jump from a year earlier, marking the highest first-quarter figure on record and the second-highest quarterly revenue ever. The company did not disclose its net income or the detailed earnings of its business divisions.
The announcement came a day after a stock market rout in Asia and Europe sparked by China’s retaliation against steep U.S. tariffs and President Donald Trump’s refusal to back down despite the turmoil.
Experts warn the move could also impact Samsung, as more than half of its smartphones are made in Vietnam, which now faces a 46 percent U.S. duty.
“Samsung’s consensus-beating first-quarter operating profit implies its popular product offerings, such as Galaxy smartphones, could weather a tough business environment, when combined with strong cost control capabilities,” Bloomberg Intelligence analysts said. “Yet the pace of profit growth might slow in the second quarter given most of its smartphones are made in Vietnam, which subjects them to U.S.
import tariffs. Copy 11/04/2025 10.
