Samsung reports record Q2 profits

Profits up 79% to $5.9bn, driven by Galaxy smartphone sales
Strong sales of the Samsung Galaxy range have helped Samsung to a record Q2.
Strong sales of the Samsung Galaxy range have helped Samsung to a record Q2.


Samsung has posted a record quarterly profit for the second quarter, driven by strong sales of its Galaxy smartphones.

The Korean consumer electronics giant reported quarterly profits of 6.7 trillion won ($5.9bn), a rise of 79%. The results marked the highest quarterly profit for Samsung since 2008.

Revenues were up 14% from 39.44 trillion won in Q2 2011 to 47 trillion won in 2012.

While sales of smartphones were strong, other businesses such as chips and consumer electronics are battling weak prices and demand and a limping euro, which eats away at repatriated profits.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story