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Samsung posts record $5.9 billion profit for Q2

Posted: , by Alan F.

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Samsung posts record $5.9 billion profit for Q2
"Regardless of Apple's performance, Samsung will be strong in the third quarter. Actually, for Samsung, Apple's stumble is a chance."-Byun Han-joon, analyst, KB Investment & Securities
As expected, Korean manufacturer Samsung reported record earnings for the second quarter. $5.9 billion in profits were earned by Samsung, mostly due to the hot selling Samsung Galaxy S III. Last week, Samsung Mobile chief JK Shin said that 10 million units of the device have been sold with an additional 10 million expected to be sold by fall. The mobile business provides about 60% of the Korean firm's bottom line. Ironically, because Samsung produces mobile memory and application processing chips for the Apple iPhone and Apple iPad, the company could see its bottom line benefit from strong sales of both devices.

The current quarter, ending in September, will probably give the Samsung Galaxy S III two more months without being challenged by the 6th generation Apple iPhone, which could launch September 21st according to the latest speculation. With two more months without competition, the Samsung Galaxy S III is supposed to lead Samsung to profits of $7 billion in the current three month period. Analysts say that Samsung could sell 15-20 million more units of the Samsung Galaxy S III in the current period. Revenue in the quarter came to $41.5 billion, up 21% from last year.

The Samsung Galaxy S III is helping Samsung score record profits

The Samsung Galaxy S III is helping Samsung score record profits

In the just released quarter, Samsung handset sales doubled and the momentum should continue with the upcoming sequel to the Samsung GALAXY Note. The Samsung GALAXY Note is a combination phone and tablet often referred to as a "phablet" with a 5.3 inch display. Speculation calls for the GALAXY Note II to have a slightly larger 5.5 inch screen.

Earlier this year Samsung took over struggling Nokia's reign as the top global handset manufacturer. It is estimated to have shipped over 50 million handsets in the second quarter versus 26 million iPhones sold by Apple. Apple's figure was a 26% drop sequentially as some smartphone buyers await the next iteration of the Apple iPhone. But in the meantime, the Samsung Galaxy S III is here now and with a 4.8 inch display, 2GB of RAM in the U.S., LTE connectivity and Android 4.0 aboard, many are asking why should they wait for Apple when they can buy such a formidable model now. The next version of the iPhone could merely match many of the specs that top Android models already sport such as the 4 inch or larger display, LTE connectivity and 1GB of RAM.

source: Reuters

30 Comments
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posted on 26 Jul 2012, 22:09 15

1. jove39 (Posts: 1265; Member since: 18 Oct 2011)


Good for Samsung :)

posted on 26 Jul 2012, 22:10 16

2. Droid_X_Doug (Posts: 5617; Member since: 22 Dec 2010)


And the Apple folks are looking at Sammy's $5.9B and saying - damn, that coulda been ours.... Time to file some more lawsuits.

posted on 27 Jul 2012, 00:11 5

12. frydaexiii (Posts: 1216; Member since: 01 Dec 2011)


More like,

Apple : "Hey, that's our money you're earning! All your customers were originally ours, so it's our money! Give it back!"

Apple logic

posted on 27 Jul 2012, 03:07 2

22. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Didn't Apple post 8B?

posted on 27 Jul 2012, 03:57 3

27. E.N. (Posts: 2239; Member since: 25 Jan 2009)


It was actually $8.8 billion, but shhhh! Don't ruin their moment.

posted on 26 Jul 2012, 22:17 6

3. mas11 (Posts: 1028; Member since: 30 Mar 2012)


And Apple is under-performing... I wonder why Apple is suing them?

posted on 27 Jul 2012, 00:33 1

13. Elvis. (Posts: 25; Member since: 11 Jul 2012)


Because they want a hug?

posted on 26 Jul 2012, 22:34 10

4. MeoCao (unregistered)


SS is winning battle with Apple and that's good, but I would love Moto and HTC to do well too.

posted on 26 Jul 2012, 22:40 5

5. mas11 (Posts: 1028; Member since: 30 Mar 2012)


How can Samsung go wrong with their popular flagship device on all the major carriers? Moto and HTC would probably be more successful if they followed Samsung's lead and released the RAZR HD and the One X on all the major carriers.

posted on 26 Jul 2012, 23:51

10. -box- (Posts: 3752; Member since: 04 Jan 2012)


Nokia too

posted on 27 Jul 2012, 00:57 1

15. MeoCao (unregistered)


I think HTC and Motorola phones are good but they lack a killer feature. iPhone always has it and GS3 has too. I think it's wrong to differentiate by adding skins to the OS, especially now JB is so refined and adding anything on it will destroy the whole experience.

posted on 27 Jul 2012, 02:19 1

18. mas11 (Posts: 1028; Member since: 30 Mar 2012)


Motorola's killer feature is killer battery life. Along with a skin that seems very much like vanilla Android. Plus now that they are owned by Google there is a good chance that they will be much better about updating their phones.

posted on 26 Jul 2012, 22:50 6

6. Mitchel (Posts: 228; Member since: 25 May 2012)


This quarter will be the biggest chance for Samsung to make a ton of cash primarily through Galaxy S3 as their cash cow..

posted on 26 Jul 2012, 23:48 4

9. E.N. (Posts: 2239; Member since: 25 Jan 2009)


Yeah I actually agree. I think it was really stupid of Apple to move away from their summer release schedule. Apple's top competitors usually release their best devices during the summer and it would be a smart move to have a new competing device directly in the face of the consumers, especially when you have a phone like the iPhone 4S (that's not necessarily terrible nor amazing) as your flagship. Heck, I even caved in and pre-orded the SIII back in June because I didn't feel like waiting for Apple's ephemeral and imaginary release dates (I'm not holding my breath for the supposed September 21st release because last year it was end of july, then 1st week of august, then end of august, then beginning of september, end of September after, until it was finally release October....what a pain). I can't say for sure, but I don't think I would have done so if I had some confirmed pictures/info on the new iPhone. Why give your competitors a chance to shine and take the spotlight? Good job to Samsung for playing their cards right

posted on 27 Jul 2012, 00:51 2

14. MeoCao (unregistered)


Not really, Apple release iPhone closer to the holiday season, that's when people have more money and reason to buy so it's easier to sell. That's smart, if they change the time of release people still have to wait 1 year for the new iPhone and other manufacturers will occupy that sweet spot.

posted on 27 Jul 2012, 01:03

16. E.N. (Posts: 2239; Member since: 25 Jan 2009)


I was thinking that at first too, but the thing is that holiday sales are always pretty high, so If they released in June, they'd get a spike in sales 2nd quarter and after all the craziness settles down, they could have gotten another peak in sales towards the end of Q4 and beginning of Q1 as opposed to losing all those potential customers during the summer. Sticking to their summer release would have been the best of both words.

and other manufactuers typically moved their release dates closer to that of iPhone. If I remember correctly the galaxy s and the Evo 4G were both launched in June, with HTC set to announce the Evo two days before the 2010 Apple keynote (I'm sure that was no accident).

posted on 26 Jul 2012, 23:26 6

8. RORYREVOLUTION (Posts: 2942; Member since: 12 Jan 2010)


Unless you are biased/fanboy, you will realize that the SGS3 is better than the iPhone 5, 6, and 7. You throw on a .5 inch larger display with slightly higher screen resolution and maybe LTE(which we have had forever now) and call it revolutionary, you are sadly mistaken.

Yes we all wanted a bigger screen size but 4 inches just isnt enough, sorry. IOS6 is a complete and utter borefest and brings nothing that Android hasnt already had. JellyBean is just as smooth and responsive as IOS and not only keeps all the things we love about android but adds much more. The iPhone 5S will just be the same except a faster processor and better camera, but maybe just maybe the iPhone 6 will actually be worth buying.

posted on 27 Jul 2012, 01:18 1

17. E.N. (Posts: 2239; Member since: 25 Jan 2009)


You're the biased fanboy as you're saying the SGSIII is not only better than a phone that is yet to be announced, but even a device that will have much better specs a year or two later.

At this point in the game, its not about being revolutionary, because in my opinion there are no smartphones being released that are changing the game....at all. If you think about it, the SGIII is a great device, but it doesn't change anything and isn't revolutionary. Think of it like this: Many people like iOS/iPhone. Adding LTE and a bigger screen size only makes it better. Just like the idea of lag is pretty nonexistent in iOS and may seem like a dumb update in the eyes of iOS users, its actually a big deal for you Android users.

and btw, the SGIII's large screen (which is a little too large IMO), is not exactly what I'd call spectacular.

posted on 27 Jul 2012, 02:25 3

20. RORYREVOLUTION (Posts: 2942; Member since: 12 Jan 2010)


I knew you would troll my post eventually lol

Again with your nonsense, the iPhone has barely changed at all, even IOS hasn't changed at all. Its the same boring crap each year. And that's your biased fanboy opinion. The SGS3s display is nice and its not too big, I know a lot of people who have one now and they all love it. Hell my friend upgraded from the iPhone 4 to the SGS3 and she loves the display and its size. You need to get over apple ain't the big dog around anymore. Its not 2007 anymore, get over it. And yes we all know based on its apple brand the iPhone will always sell very well, nobody is denying that. But get with reality bro, Samsung is inching closer and closer and making amazing products.

While you claim to have uses a SGS3 for a couple days I actually owned a iPhone 3G for over a year. I know IOS and i know it well, its far from perfect like you sheep claim. It was awesome years ago but its Android that has stepped it up and Apple is just playing catch up.a .5 inch larger display and lte doesn't make the next iPhone better. It only makes it slightly better than the 4S. Sorry but One X and SGS3 are so beyond it.

posted on 27 Jul 2012, 03:12 1

24. E.N. (Posts: 2239; Member since: 25 Jan 2009)


Are you trying to force me to like the SGIII? Gawd, I don't know why its such a huge problem that I don't want the same phone as you. Get over yourself bro. The SGIII is a great phone as I've said over and over and over again (did a mention that the GSIII is a great phone?), but I'm not going to use it as my primary line because some random named roryrevolution wants me to, this is so childish. You can tell me all the stories of your friends etc etc etc, but in the end what matters is my experience and what I prioritize.

Adding a .5 inch screen is not playing catch up. What you want in a phone is not what I want. I definitely don't EVER want the iPhone to be as large as the SGIII, and I know there are many that agree. I'll choose 4 inches (even 3.5) over 4.8 any day. And have you been reading other cell websites? Many Android users are saying that they'll consider getting an iPhone if the screen is 4 inches. If iPhone is so bad and Android so beautifully perfect, why are people switching? You really need to stop and think about things like that.

Buy the phone that makes you happy, and I'll do the same. "Unless you are biased/fanboy," you should agree.

posted on 31 Jul 2012, 09:34

31. hellboy_2k5 (Posts: 1; Member since: 31 Jul 2012)


You do realise that you're considering the constant change of the Android OS as an asset to itself? And your complaint is that iOS hasn't changed much? Have you wondered why?

posted on 27 Jul 2012, 02:34

21. mas11 (Posts: 1028; Member since: 30 Mar 2012)


The SGS screen easily beats the iPhone's. First off the iPhone's screen is only 3.5" and second it's not even HD.

posted on 27 Jul 2012, 03:14

25. E.N. (Posts: 2239; Member since: 25 Jan 2009)


What's do you mean by HD???

posted on 27 Jul 2012, 08:18 1

28. kingpet13 (Posts: 139; Member since: 02 Feb 2012)


720x1280 resolution. That is the definition of hd right? Of course apple has a retina display, which they define as over 300 ppi. But what people don't realize is that android had hd retina displays (by apple's own definition of retina, and the official definition of hd) before the iphone even got retina. Obviously apple is not as revolutionary as you thought.

posted on 27 Jul 2012, 21:07

30. E.N. (Posts: 2239; Member since: 25 Jan 2009)


do you have any examples?

posted on 27 Jul 2012, 02:21 2

19. mas11 (Posts: 1028; Member since: 30 Mar 2012)


Apple really should make more than just one kind of phone, how about a slider or one with killer specs?

posted on 27 Jul 2012, 03:10 1

23. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


You want Apple to be like android. Just buy android.

posted on 27 Jul 2012, 03:17 1

26. E.N. (Posts: 2239; Member since: 25 Jan 2009)


That's what I'm saying!!! lol. If you want a phone with a 4.8 inch screen, then buy the phone that's available with the 4.8 inch screen! If you want a slider, buy a slider!

I don't understand this obsession over iPhone, just by the phone you want and leave it at that.

posted on 27 Jul 2012, 00:00

11. sarb009 (Posts: 286; Member since: 15 Jun 2011)


Congratulations $am$ung & best of luck for future.

posted on 27 Jul 2012, 10:05

29. dragonscourgex (Posts: 307; Member since: 16 Jan 2012)


"The next version of the iPhone could merely match many of the specs that top Android models already sport such as the 4 inch or larger display, LTE connectivity and 1GB of RAM."
So true.

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