Friday, April 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HP Releases New Chromebook for Home and Office
AMD and Nantong Fujitsu Microelectronics Close on Semiconductor Assembly and Test Joint Venture
Google's Pichai Sees the End of Computers
Amazon Reports Strong Quarter
Sony Reports Loss But PlayStation Keeps Performing Well
Japan Display Showcase The Latest In Display Technologies In SID DISPLAY WEEK 2016
Strong Galaxy S7 Sales Keep Samsung's Profit High
LG Posts record Q1 Profit
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
Strong Galaxy S7 Sales Keep Samsung's Profit High
Samsung Developer Conference Showcases New Smart TV Tools
Key Samsung Technologies That Enabled 10nm-Class DRAM
A Look at Samsung Foundry's Business Strategy
Samsung Galaxy S7 and S7 Edge Now Available in Pink Gold
Samsung Galaxy C Coming Next Month
Samsung Signs OLED Deal With Apple: report
Samsung Brings Its 2016 SUHD TV Line Up To The U.S.
Samsung, LG And Japan Display Invest In Japanese OLED Startup
Samsung Expects High First-quarter Profit
Samsung Granted Patent for Smart Contact Lenses
Samsung Starts Mass Producing First 10-Nanometer Class DRAM

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .