Samsung Makes Record Profit Last Quarter, Expects Even Better Numbers Next Quarter

| July 6, 2012 | Reply

Samsung is quite a company. A few yeas ago they made cheap TV’s and other random electronics. They have turned the company into a leading TV maker as well as the best smartphone seller in the world. What do you get when you combine those two things? A record $5.9 billion dollars in profit just like quarter alone. Smartphones account for 70% of the companies’ business so you can imagine Samsung is excited to see the numbers of the S3 come into place with next quarters earnings. The company expects to sell 19 million units of just the S3 this quarter. The day may come when Samsung just stops making consumer electronics outright to focus on mobile technology. I know I am excited for my Galaxy S3, even if I am not one of the lucky folks who received theirs early from Verizon.

Tags: , , , , , , , , , , , , , , , , , , ,

Category: Tech News

About the Author ()

Co-owner and Editor-in-Chief of

During the day I work in graphic design and also do photography. By night I try to play with programming and code of all different types. I love the opportunity to write for the site and hope to see it grow as time goes on.