Wednesday, June 20, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Verizon, Sprint, AT&T and T-Mobile To Stop Sharing Cell Phone Location Data
Hackers Breached Satellite, Defense Companies
Benchmarks With the 32-core AMD Threadripper Appear Online
Facebook Offers More Tools To Video Creators
Western Digital Adds 12TB Western Digital Purple Drive to Surveillance Portfolio
Toshiba Delivers RM5 vSAS Series SSDs Targeting SATA Applications
Noctua launches CPU Coolers for LGA3647 Intel Xeon Platforms
Google to Bring Support for Android Messages to Desktop Browser
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Galaxy ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 06, 2012
Galaxy Sales Boost Samsung's Record Profits


Sales of the Galaxy smartphone drove record quarterly profit of $5.85 billion at Samsung Electronics, although the South Korean tech giant's TV and home appliance businesses are not so profitable due to low demand in Europe.

In the company's April-June earnings guidance released on Friday, Samsung, valued at $170 billion and its estimated operating profit jumped 79 percent to 6.7 trillion won from a year ago.

Current quarter mobile profits are expected to forge further ahead as the latest Galaxy S III model enjoys strong sales, before the next iPhone launch sometime later this year. But even if the next iPhone slow Samsung's handset earnings growth, it will boost the Korean firm's semiconductor earnings as Samsung is the sole producer of processing chips used to power the iPhone and iPad, and also supplies Apple with mobile memory chips, NAND flash and display screens.

Although the flagship Galaxy smartphones are driving Samsung's profits and are likely to have stretched their lead over rivals Apple and Nokia, other businesses such as chips and consumer electronics are battling weak prices and demand, along with a weak euro.

Europe is Samsung's biggest consumer electronics market.

Samsung is due to release its full second-quarter results towards the end of this month.


Previous
Next
Amazon Readies Own Smartphone, New Tablets: reports        All News        Nokia Brings Classic Arcade Games to Asha Touch
More Chinese Companies Claim Apple Infriged Their Patents     General Computing News      July 9 Could be 'Internet doomsday' for Some PC or Mac Users

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Starts Researching EUV For DRAM: report
Samsung Lost FinFET Patent Case, Ordered to Pay $400 Million
New Samsung Chromebook Plus V2 Gets New Processors and Cameras
Samsung Launches Fund to Invest in AI Startups
Analysts Talks About Samsung's Upcoming Foldable Galaxy Smartphone
Samsung Begins Production of 16Gb, 64GB DDR4 RDIMM For Servers
Samsung and LG Eye Expansions into the Car Display Market
New Galaxy J3 and J7 Provide Features at an Affordable Price
Samsung Launches the MicroLED 'The Wall' Display at InfoComm 2018
Samsung's MicroLED TVs Coming in Q3
Samsung Introduces Faster, 10nm-Class 32GB DDR4 SoDIMMs For Gaming Laptops
Smartphone Sales Returned to Growth in First Quarter, Samsung Maintains No.1 Position

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .