Sunday, July 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Minecraft Windows 10 Edition Beta Revealed
U.S. In Running out Of IP Addresses
Uber Suspends UberPOP in France
Casio To Enter The Smartwatch Market
GELID Has A new Low-profile CPU Cooler for Intel LGA115x
Sharp Plans to Release Transparent LCDs
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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
South Korean Display Makers To Provide Flexible Display For Next Apple Watch: analyst
Samsung 'S6 EDGE+' Trademarks Hints At New Model
LG G4 Better Than Samsung And Apple's flagships: report
Samsung Unveils New LEVEL U Wireless Bluetooth Headset
Samsung To Exit The HDD Business
Samsung to Stop blocking Windows Update With New Software
Samsung and LG U+ Signed MoU for 5G Technology
Samsung Said To Deliberately Disabling Windows Update
Red Hat and Samsung Team Up To Deliver Mobile Solutions for the Enterprise
Samsung To Work With U.S. Broadcasters To Advance ATSC 3.0
Samsung Keyboard Security Flaw Puts Milions Of Devices At Risk
Samsung Releases New All-in-One Thin Client Solutions

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .