KOREAN PHONE MAKER Samsung has forecast record profits for the third quarter, while rival HTC has posted its first ever quarterly loss.
Samsung said on Thursday that it expects to post an operating profit of 10.1tn Won, or around $9.4bn, for the July to September quarter, an increase of 25 percent year on year, on revenues of 59tn Won, or around $51bn, over the three month period.
Samsung credits these bumper figures to sales of low-cost handsets like the Galaxy S4 Mini in emerging markets. The firm's flagship Samsung Galaxy S4 likely helped that growth, although the firm has yet to reveal how many it has sold.
According to analysts, however, Samsung apparently shipped around 85 million smartphones in the second quarter, up from 75 million in the previous quarter.
Things haven't been looking as good for HTC, despite its flagship HTC One smartphone having seen reasonable success and ranking as the firm's best selling flagship handset yet.
The Taiwanese phone maker announced on Thursday that, as it had predicted in July, it is losing money. The firm made a net loss of around $101m for the first quarter of 2013 on revenue of around $1.6bn, which declined 33 percent year on year.
HTC hasn't explained the large loss, but Bloomberg reported that the firm was hit hard by the HTC First, the debut Facebook Home handset. The firm is also reportedly suffering component shortages for its HTC One and One Mini smartphones, which likely affected its sales.
HTC has yet to respond to our request for comment. µ
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