Samsung’s Forecast Fails to Ease Concerns
SEOUL — Samsung Electronics Co., the world’s largest seller of smartphones by units, said Monday it expects its mobile phone business to report better financial results in the second quarter than it did in the first, partly helped by strong sales of its new Galaxy S III smartphone.
However, that forecast apparently hasn’t eased investors’ concerns that the South Korean electronics giant’s overall earnings outlook for the second quarter may not meet the market’s expectations.
