Saturday, October 6, 2012

Samsung reports Q3 record profit in 2012 at $7.3 billion


Samsung in the 3rd quarter of 2012 has reported an all time high profit at $7.3 billion. According to a report by Reuters, Samsung Electronics (the highest earning arm of Samsung Group) earned this profit thanks to the success of the Galaxy S III. Most of you might have already known that Apple has cut it's dependency from Samsung by slashing it's orders of parts from the Korean giant. Regardless of that fact, the sales of the Samsung Galaxy S III somehow offsets that lesser supply revenue. Remember that the SGS III has sold 20 million units in record time, making it the fastest selling Galaxy device Samsung has ever made. Anyway, it is expected that Samsung Electronics will profit by this year up to $25 billion which sounds good for the company.