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Samsung Expecting Another Record Quarter: $7.3 Billion In Q3 Thanks To Galaxy Sales (And Android)

Just because they’re not the most valuable company in history doesn’t mean that Samsung hasn’t been living the Gangnam life. In fact, their expected $7.3 billion record earnings for Q3 is the 4th straight quarter things will be on the up-and-up for Sammy. This is mostly due to Samsung’s Galaxy smartphone sales which accounted for 2/3rds of the company’s record profits. Of course, you could also attribute just a little bit of Samsung’s success on Google’s Android operating system, which transformed Samsung into a global player in the smartphone market. (Hey, Samsung — keep those firmware updates coming).

For those keeping track, Samsung raked in $4.46 billion in Q1, and $5.9 billion in Q2. Unfortunately, things wont come so easily for Samsung in Q4, where they’re expected to dish out, not just performance related payouts to employees, but that $1 billion to Apple (providing that appeal doesn’t work out for them). Also, Samsung’s battle with the iPhone 5 will result in more costs, thanks to the money they’ve spent on fighting the i5 with marketing.

Samsung has shipped a total of 18-20 million Galaxy S3′s of which one landed in my possession yesterday. This should hold me over until the Galaxy Note 2 ships on every carrier under the sun later this year, asserting Samsung’s dominance as the world’s top selling Android OEM.

[Reuters]




  • John Toxworthy

    With 7.3 bn in earnings last quarter there is no excuse for not providing carriers with timely updates. I may switch to a more caring company after this phone.

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

      I mean, there’s a good chance they’ll be first out the gate with Jelly Bean (for smartphones). Not good enough?

    • Pnutt916

      Are you talking about Samsung?

    • violator702

      What phone do you have?

    • scoter man1

      Yeah, I think you should switch to Motorola! Then you’ll get your update… never! Even if they claim they are going to give you one for a whole year, you’ll never get one.

      • phinn

        or HTC, a phone can be 6 months old and never see another update.

      • loonz123

        Or LG for that matter. Rather than updating older devices, the companies release new phones.

        • ari_free

          yeah they release new phones with ICS

      • bos

        never again Moto. Even if you get an update it just adds more bugs and bloat.

    • phinn

      If you want timely updates, you have two choices: a Nexus or the one that runs iOS. Get a Nexus.

      • ari_free

        ios would be a downgrade

    • John Toxworthy

      It seems like if XDA developers have JB ROMs out months ago, Samsung could find a way with all this capital … but I could be wrong.

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

        I don’t know… I think there’s more to it. An XDA dev isn’t really a multibillion dollar company, looking out for their own interest. I could be wrong. :p

    • Manbo

      Only 2 major items that you failed to think about when posting that comment…

      1. Carriers are the ones that reeeeeeaaaaally slow down the update process.
      2. How do you think Samsung made such high profits? By pushing new products. The business side of my brains says that updating the device by releasing a new product to generate sales is s.m.r.t. The consumer side of my brain says FUUUUUUUUUU to the business side and demands updates. Then it goes and roots n ROM’s its phone.

      And that is an over simplified example of the constant battle in my head…

  • Slim

    Gangnam Style FTW

  • http://www.facebook.com/kiwimalayalee Joel Joseph

    Samsung Style……!!!!!!!

  • bos

    I can’t help but notice that these wildly successful Samsung devices have removable storage and batteries. Wonder why they’re so successful while Moto and HTC are lagging?

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

      Do you think that’s really it or could it be a coincidence? I know Phandroids demand that kinda stuff but mainstream consumers… I’m not so sure.

      • Pkmmte

        My dad knows nothing about technology. He bought a Galaxy Nexus early this year and was wondering where he would put his new 64GB MICROSD card. He ended up going back to his old Droid X because of it.

        To me, it seems even normal consumers care about removable storage regardless of how badass a phone is.

      • bos

        I think anyone who buys an Android phone wants the opposite of what Apple is selling. I’m sure there’s more to it than those two items, but I do believe that people are buying Samsung devices because Samsung is building what people want.

        The storage issue isn’t going to get less important with Verizon and AT&T killing unlimited data. Mainstream consumers are just starting to figure out the media capabilities these devices can provide, and the cost of accessing all that media if it isn’t downloaded on wifi and stored locally.

        • ari_free

          My mom read the “It doesn’t take a genius” ad in the WSJ and she was shocked that the iPhone didn’t have a removable battery. My brother (who uses a blackberry-you know, the one with the small screen and keyboard) then made fun of Apple for not even having an SD card. It was the whole business about the “completely different plug” that caused them to express some really negative feelings towards Apple.

      • Manbo

        A lot of us Phandroids are asked by family, friends, and colleagues for our opinions on what Android handset to get, so I am not surprised that the high end devices with more or less all the features we want are the top sellers. :)

    • CWeb

      It’s why I haven’t bought the HTC One series, even though I want to.

    • InyRules

      I think it has more to do with Samsung’s advertisement, and maybe the fact that they are able to get the same phones on multiple networks – They have some sort of flagship Galaxy S 1, Galaxy S 2, and now the same model Galaxy S 3 on all networks. I tire of this “Let’s get our best phone just on one network, then a lesser version on this network,” Or, “Let’s give Verizon all our phones.”

    • http://twitter.com/marker1015 MrSix

      You must be high if you think it had anything to do with batteries or removable storage. There are like 3 Galaxy something or others for every htc or Motorola, why don’t we start from there?

  • javy

    I love my galaxy Nexus..

  • Marsg

    Samsung had sold over 20 mill galaxy s3′s a month ago, they should be around 25-26 mill now

  • DG

    What company is more caring than Samsung? They will update the S3 faster than anyone else. I’m running T-Mo ota leak 4.1.1 now and it’s perfect

    • ari_free

      It’s not about caring. It’s about having your act together.

  • Piotr

    Chris, I can ensure you that Note 2 is well worth waiting for. S3 that can do more :)
    I got it yesterday and I LOVE IT :))

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

      I’m so jelly right now. You wanna Google+ Hangout sometime and show it off? You know… the phone. O_o

  • mirage03

    op op op op..

  • BLADESMAN1889

    “Galaxy S3 – of which one landed in my possession yesterday. This should hold me over until the Galaxy Note 2 ships” wrote C. Chavez.
    WOW ! How nice to have to ‘put up’ with THE top end device until the next one is released 6 weeks later

  • rin

    opppaaa gangnam style ! eeehhhhh