Friday, 27 July 2012

Samsung checks in with a $5.9 billion operating profit for Q2 2012

Samsung

Samsung has released their own Q2 financials, and the Korean electronics giant reports a whopping 6.72 trillion Won operating profit. That figures out to a cool 5.9 billion U.S. Dollars, and is a record for the company. Samsung is the worlds largest and most lucrative television manufacturer and makes a wide range of consumer electronics, but a good bit of that profit likely comes from Android handsets like the Galaxy S 3. Samsung did not break out their smartphone shipments, but Reuters is reporting that analysts expect that Samsung has further widened the gap with Apple and Nokia. 

We know two things, for sure. People love the Galaxy S 3 phones, and in a time when we see companies missing projections due to a slow economy, Samsung knocked it out of the park. Read the press release after the break.

More: Reuters

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Source: http://feedproxy.google.com/~r/androidcentral/~3/tnCKaeruXmY/story01.htm

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