Samsung Reports Massive Quarter One Profits

Earlier we heard that Samsung has overtaken Nokia to become the worlds largest handset vendor in quarter one of 2012, and Samsung has recently released its financial details for the same quarter.

Samsung posted record profits for quarter one of 2012, almost double that for the same period last year, with an operating profit of 8.85 trillion won, about $5.16 billion, which is a 98 percent gain over the same period on 2011.

Samsung has said that the increase is due to its sales of its popular smartphones and tablets, as well as sales of high resolution panels, it certainly looks like the company has done well.

We wonder if Samsung will be able to keep this up, with the launch of the new Samsung Galaxy S III expected within the next few weeks, we suspect Samsung is going to end up having a record year in 2012.

Source Engadget

About these ads