Samsung Posts Q3 2012 Financial Numbers

Advertisement

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

Advertisement

What's your reaction?
Love It
0%
Like It
0%
Want It
0%
Had It
0%
Hated It
0%
About The Author
Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.Given his background, and knowing his potential, something tells us he will succeed this time too! Stick around!Read more about Anton D. Nagy!| Google+