Galaxy S3 and Galaxy Note breaks Samsung Profit Record

All thanks to the best smartphone of the year – Galaxy S3 – and Samsung’s Galaxy Note, Sammy records a profit breaking session! – [via - TechRadar]

Samsung gAlaxy s3 gets sammy richerGood times over at Samsung HQ where record profits for the company have just been confirmed; its mobile phone business raked in 93% more for the three months ending in September 2012 than a year ago.

The dazzling company figures come in at 8.10 trillion won operating profit (that’s around £4.5 billion, AU$7.1 billion, US$7.3 billion), comfortably beating analysts’ estimates.

That ridiculous bank balance is largely thanks to the Samsung Galaxy S3, launched in May, and Samsung Galaxy Note which both had a strong quarters.

It comes as no great surprise that the Galaxy S3 raked in so much cash; it hit 20 million sales in under 100 days with Europe leading the S3 way by scooping up 6 million of them.

Not all Smiles Sammy

It’s not all champagne and diamond necklaces for the company though; other areas of the business are struggling as the effects of reduced orders for chips and screen displays are felt.

One big customer, at least, is cutting back: Apple. The two companies are slowly but surely severing ties after a year’s worth of vicious patent battles and sniping adverts around the world.

Another Apple-effect that Samsung will have to account for in the future is the $1 billion court payout that it is currently appealing against. But hey, what’s $1 billion when you have another $6.3 billion somewhere deep down those vaults?

Uhmm... just one awkward dude named Charles

One Response to “Galaxy S3 and Galaxy Note breaks Samsung Profit Record”

  1. Judith Ann Mcdermott

    Oct 10. 2012

    I just added your web page to my bookmarks. I enjoy reading your posts. Thank you!

    Reply to this comment

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