We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
79,864 News Articles

Samsung Galaxy S3 leads firm to record profit

Samsung's profit grows 79 percent thanks to smartphone sales

Samsung has announced a record $5.9bn operating profit for its second quarter thanks to strong sales of its Galaxy smartphones, namely the Galaxy S3.

The $5.9bn sum represents a 79 percent growth compared with the same quarter in 2011. However, the Korean firm's shares fell as investors worry the momentum is peaking, according to the Financial Times.

Samsung Galaxy S3 smartphone

Earlier this year Samsung hit mobile vendor top spot from long standing leader Nokia. Samsung created an iPhone level of hype around the Galaxy S3 which it predicts will have sold 10 million units by the end of this month.

It's not been the smoothest ride for Samsung after struggling to meet demand when the Galaxy S3 in pebble blue was delayed because of its 'hyperglaze' coating. Apple tried, but failed, to ban the Galaxy S3 in the US before its planned launch.

Although Samsung has seen significant growth in its smartphone business, it's not performed well all-round. The firm's memory chips and TV sectors were saw slowing demand and lower prices in the second quarter.

Follow Chris Martin and @PCAdvisor on Twitter.


IDG UK Sites

45 Best Android games: top Android games for your smartphone or tablet in 2014 (24 are free!)

IDG UK Sites

How Apple, Adobe, Microsoft and others have let us down over UltraHD and hiDPI screens

IDG UK Sites

Do you have the X-Factor too? Mix Off app puts fans in the frame

IDG UK Sites

iPad Pro release date, rumours and leaked images - 12.9 screen 'coming in 2015'