Smartphone sales boost Samsung Q2 profit

Backed by its robust smartphone sales, Samsung Electronics has set a record second quarter net profit. With the strong demand of the Samsung Galaxy S III, Samsung almost doubled the total smartphone shipment of close competitor Apple.

What You Need To Know:

  • In the Q2 of 2012 which ended on June 30, Samsung has earned overall net profit of $4.5 billion, a 48 percent increase from Q2 of last year. The company‚Äôs mobile business has contributed 63 percent of the total operating profit.
  • According to analysts, Samsung has shipped around 52 million smartphones in the quarter. Meanwhile, Apple has shipped 26 million iPhones.
  • Looking ahead in Q3, Samsung revenue may slow down a bit due to patent disputes against Apple and the weakening demand of smartphones in Europe.

Sources:

Samsung Electronics Posts Record 2nd-Quarter Net On Mobile-Device Strength
Wall Street Journal

Smartphone sales drive record Samsung quarterly profits
CNET

Samsung posts record operating profit of $5.9 bln
Reuters