Samsung Electronics, the world’s largest information technology company, has given notice of its sales and operating profit for Q1 2012.
The South Korean manufacturer of the Galaxy smartphone and Note mini-tablet released a consolidated earnings estimate today of 5.8 trillion won (approximately $5.1 billion) on sales of around 45 trillion won (almost $40 billion).
The profit figure is almost double the 2.95 trillion won posted in Q1 2011, while the sales figure is up from 37 trillion won in the same quarter last year.
Detailed quarterly results are expected to be released on April 27 after completion of an external audit.
The success of the Galaxy smartphone has catapulted Samsung to the top of the ratings, and the second quarter of 2012 promises an interesting scenario with the introduction of the Galaxy S by Samsung and a new iPhone from Apple.
A Reuters survey of analysts suggests that Samsung will have shipped a record 44 million smartphones in the first quarter, an increase of almost 25 percent from Q4 2011.
The Galaxy Note was introduced in October last year, and has quickly become Samsung’s major earner with sales of over 5 million units.
