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Samsung Flying High With Record $5.9 Billion Profit – Expects Even Bigger Q2 With Galaxy S3 Sales

Wouldn’t say this news really surprised anyone, but it looks like Samsung Electronics is reporting a record breaking quarterly earnings profit of $5.9 billion. This all despite a parts shortage that kept the South Korean company from keeping up with the insane demand for the Samsung Galaxy S3. Needless to say, it’s Samsung’s smartphone arm (and dare I say, Android) that has more than doubled the company’s profit growth, selling 380 smartphones every minute, accounting for 70% of their overall business. It’s Samsung’s chips and consumer electronics businesses that are suffering from weak demand, dropping the company’s shares 15% in the past 2 months.

This quarter will be even bigger for Samsung once the newly launched Galaxy S3 gains some more traction here in the states. Samsung predicts to ship somewhere around 19 million units this quarter and plans to give their full Q2 results towards the end of the month. Samsung is sliding in right before the launch of the next iPhone that will no doubt put a dent in Galaxy sales despite being the same old tech Android users have been enjoying for over a year now (zing!).

Just don’t forget who got you here, Samsung. You can continue to show your thanks by providing the Galaxy S3 with a speedy update to Android 4.1 Jelly Bean. You’re welcome.

[Reuters]

Continue reading on the Samsung Galaxy S3 forums, see the specs, or find news and reviews.




  • JulianZHuang

    i was expecting to see more girls pictures in here….

    • NIGHTSCOUT

      Chris likes to snag our attention with beautiful women.

      • NightAngel79

        He definitely has a perpensity for doing that!

        • NightAngel79

          Wait, I think I jut made that word up, lol

          • http://twitter.com/gamercore Chris Chavez

            Propensity =p

          • NightAngel79

            That’s what she said?? Lol

        • NIGHTSCOUT

          I’m not complaining though……

          • http://twitter.com/gamercore Chris Chavez

            Chris: 1

            @JulianZHuang:disqus @nightscout13:disqus @NightAngel79:disqus: 0

          • NightAngel79

            Noooooooooo!

    • NightAngel79

      Me too!

      • NIGHTSCOUT

        hey what is your email i have a question for you

        • NightAngel79

          -__- why whatever do you mean? You can find me over on androidforums.com with same username, I mod there also.

  • NIGHTSCOUT

    Q2 results will surpass expectations, unless Apple can somehow ban the phone from the USA.

    • NightAngel79

      I’m sure they will try

      • http://www.facebook.com/profile.php?id=100003100147780 Mhmmd Barjas

        I believe Apple going back in the end of July to the court for the Galaxy S3.

      • NightAngel79

        Test 2

  • Aeires

    Funny how people still think Samsung is planning on bailing on Android.

    • NIGHTSCOUT

      Well, it has been established that Samsung wants to build their own Operating System, probably to avoid future litigation from Apple Patent Trolls.

      • bob

        If they do dev their own o.s. they can rest assured they’re safe from patent trolls. I mean who the heck is gonna file a patent claim against a company with no revenue. :)

      • Jeffrey Evans

        They already have their own OS, and even it won’t save them from patent trolls. Apple wants a monopoly, simple as that.

  • Matt

    They deserve their success but I hope that the other brands involved in Android can do something to counteract their growing and unbalanced share of overall Android handset sales. As they control more of the market they are in in a position to influence with their own software which may dilute or confuse the experience and I just hope they don’t get too cocky and try to breakaway somehow. I’d rather have Google in the drivers seat. I don’t want ‘Samsung Android’ any more than I want ‘Amazon Android’.. I want Google Android.

  • Brian S.

    With all that money you think they would be able to do a better job stopping Apple from doing what they are doing… I feel confused.