Samsung estimates lower sales, higher profits for Q1

World's largest IT vendor discloses slightly lower revenue and higher profit prediction for Q1 2012

Samsung has said it expects its earnings to be down slightly this quarter to about 45 trillion won (£24.9bn) including 5.6 to 6.0 trillion won in profit, quarter on quarter.

The South Korean vendor's reported Q4 2011 sales were 47.3 trillion won with profits of 5.3 trillion won.

"The estimate is on a consolidated basis, and is provided for the convenience of investors only, before our external audit on the financial results of our headquarters, subsidiaries and affiliates is completed," said Samsung in a public disclosure statement dated 6 April.

Samsung's actual earnings results will be disclosed after its first-quarter financial statements and reports have been approved.