SHARE
Facebook X Pinterest WhatsApp

Samsung Reports Record Profits

Bloomberg: Strong demand for its smartphones helped propel South Korea’s Samsung Electronics to record quarterly earnings. The largest consumer-electronics maker in Asia handily beat analyst expectations with a quarterly profit of 5.8 trillion won ($5.1 billion), up from 2.95 trillion won a year earlier. The company’s mobile phone business more than doubled its earnings year-over-year. […]

Apr 6, 2012
Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Bloomberg: Strong demand for its smartphones helped propel South Korea’s Samsung Electronics to record quarterly earnings. The largest consumer-electronics maker in Asia handily beat analyst expectations with a quarterly profit of 5.8 trillion won ($5.1 billion), up from 2.95 trillion won a year earlier.

The company’s mobile phone business more than doubled its earnings year-over-year. It sold 44 million smartphones during the period, three times as many as during the same quarter in 2011. “Sales of new models of smartphones, such as the Note, were better than expected,” said Daewoo Securities analyst James Song. “They have a good line-up of new products, so they will be able to keep the momentum alive for two or three quarters, at least.”

  SEE ALL
ARTICLES
 

Recommended for you...

What Is Sentiment Analysis? Essential Guide
11 Top Data Collection Trends Emerging In 2024
Kaye Timonera
Feb 8, 2024
6 Top Data Classification Trends
Avya Chaudhary
Oct 13, 2023
7 Data Management Trends: The Future of Data Management
Mary Shacklett
Aug 2, 2023
Datamation Logo

Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.