Samsung has released the official numbers for the third quarter of the year that ended on September 30. The South Korean manufacturer recorded $7.4 billion in profits and a corresponding $5.97 billion in net income. This is mainly due to the fact that the flagship Galaxy S III, announced at the beginning of May, has been enjoying a warm welcome on the markets.

Samsung is glad to acknowledge that “shipments increased significantly due to global expansion of Galaxy S III”. Even though smartphones accounted for a “low-10% QoQ growth”, the flagship Android manages to top phone sales while other sectors of Samsung dealing with consumer electronics also see an increase.

The outlook for the last quarter of the year is on a positive note. Demand appears to be increased for both smartphones and tablets (as well as new product launches) as the company prepares for the year-end holiday season, as well as the launch of Windows Phone 8. To see the exact numbers, make sure to follow the source link below.

Source: Samsung (PDF)

Via: Engadget