The numbers for Samsung's Q2 2012 earnings period are in and it was another big one, with the electronics giant reporting an operating profit of $5.9 billion, driven largely by growth in its smartphone business -- just as it predicted. That's up 79 percent from the same period last year, with the Galaxy S III and Galaxy Note specifically mentioned as having contributed to both high sales and higher average selling prices. The company doesn't break out exact selling figures in its earnings reports, however that business unit contributed $3.65 billion in profit to the bottom line. Sales of memory chips and processors declined slightly from last year, TV sales were up slightly, thanks to demand for 3D and LED models. Samsung is claiming a mid-80 percent share of LED HDTV sales and plans to keep that going by pushing "entry level" models in emerging markets. Ready to dig through the numbers yourself? The press release follows after the break, if we find any more details or hear anything on the earnings call, we'll let you know.
Filed under: Cellphones, Home Entertainment
Samsung's Q2 2012 earnings show $5.86 billion operating profit, that's a lot of Galaxy S IIIs originally appeared on Engadget on Thu, 26 Jul 2012 20:09:00 EDT. Please see our terms for use of feeds.
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Samsung Q2 2-12 Earnings slides (PDF) | Email this | CommentsSource: http://www.engadget.com/2012/07/26/samsungs-q2-2012-earnings-record-profit/
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