Samsung led gains with its full lineup of entry- to mid-level smartphones, expanded sales of tablet PCs and an increase in averagesellingprice(ASP) from the previous quarter.
Societe Generale analyst Andy Perkins believes that averagesellingprice(ASP) has spiked around the world for handsets, and much of that is due to Apple and the iPhone 5, which could alleviate gross margin concerns.
The highly anticipated launch of GALAXY S III and upbeat sales of GALAXY Note, along with a more competitive averagesellingprice(ASP) than the previous quarter, have cushioned an on-quarter operating loss brought on by the seasonably weak earnings of businesses in IT Solutions and Telecommunication Systems.