Samsung to report record operating earnings of $5.9 billion for second quarter

Samsung to report record operating earnings of $5.9 billion for second quarter
Korean tech giant Samsung is planning on reporting second quarter earnings on July 27th. Many of the products that the company sells are under pressure thanks to a global economy that remains difficult to maneuver. But thanks to continued strength in sales of its Galaxy line of  smartphones, Samsung says it will report  record second quarter operating profits of 6.7 trillion won ($5.9 billion USD). That is an impressive 79% jump over last year's second quarter number and met expectations of 23 analysts.

Strong sales of handsets have enabled that division to double profits while other divisions producing chips, and electronics for consumers, are battling tough times. The recent launch of the Samsung Galaxy S III has been a world wide success with one analyst calling for 19 million units sold in the quarter. The 6.7 trillion won operating profit is 14.5% above the prior record set in the first quarter. Revenue is expected to come in at 47 trillion won ($41.4 billion USD), below forecasts of 50 trillion won.Despite the success of its handset line, Samsung shares have tumbled 15% in the last two months.

source: Reuters

Related phones

Galaxy S III
  • Display 4.8" 720 x 1280 pixels
  • Camera 8 MP / 1.9 MP front
  • Processor Samsung Exynos 4 Quad, Quad-core, 1400 MHz
  • Storage 32 GB + microSDXC
  • Battery 2100 mAh(11.60h 3G talk time)

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31 Comments

1. AnotherOne

Posts: 15; Member since: Jul 04, 2012

Great job sammy!

6. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Any wonder why iApple wants to stop Sammy? Those are sales that could have gone to purchase iDevices had Sammy not been poaching in iApple's turf.

28. thedarkside

Posts: 654; Member since: Apr 30, 2012

i saw why the other day. my buddy that works for tmo showed me their S3. its freaking sweet. definitely swayed me to get one even though i only played around with it for maybe 5 minutes.

9. iWorld

Posts: 85; Member since: Jul 05, 2012

Galaxy S3 is no doubt a smart device but, 4.7" screen don't you think its too big.

12. HouTexan

Posts: 461; Member since: Jan 08, 2012

Seems like it's not too big for 19 million people. If you think it's too big, don't buy it. Not that hard.

18. kartik4u98

Posts: 511; Member since: May 19, 2012

LoLoLoLoL!!!!!!

19. mas11

Posts: 1034; Member since: Mar 30, 2012

The Galaxy Note's screen is too big for me, but the SIII is the perfect size. Try it sometime at a Verizon store.

25. bayusuputra

Posts: 963; Member since: Feb 12, 2012

wait till iPhone came up with a larger than 4" screen.. then you'll most likely say that anything with

2. fur0n

Posts: 82; Member since: Jun 13, 2012

19 million s3's sold! go samsung

3. zhypher_23

Posts: 195; Member since: Jun 04, 2012

Great News :))

4. Tre-Nitty

Posts: 470; Member since: Nov 16, 2010

Wow, great job Samsung but kinda makes you wonder, with 19 million estimated gsIII handsets sold, whose really the sheep. Just as bad as apple fanboys and loyalists. And regardless to what anybody says, the gsIII isn't a huge upgrade over the gsII and yet Apple gets drilled by Android faithfuls for minor upgraded devices once a year but it's ok for Samsung right? Smh. Get a grip people, Samsung is just as greedy as Apple and any other huge corporation.

10. KParks23

Posts: 723; Member since: Oct 13, 2010

Lmfao are u fn retarded.. Apple people go around showing there phone off like it's the greatest thing ever and ur sumhow inferior if u don't own 1 Sammy htc and moto buyers don't do this.. Apple people no matter what ur talking about in a conversation always got to change the topic to bring up that they own 1 and Sammy moto htc don't go around creating and LOOSING lawsuits every other day big difference buddy..

27. Tre-Nitty

Posts: 470; Member since: Nov 16, 2010

He asks me am I retarted but yet doesn't know how to spell somehow or losing. Wow, what a dork.

31. KParks23

Posts: 723; Member since: Oct 13, 2010

That's all u come back with is that I accidentally put 2 o in losing and I spell somehow with sum everything I wrote that's all u got.. I'll just leave it at that.

14. Nocturne

Posts: 24; Member since: May 21, 2012

The sheep thing is yet to be determined I believe, as long as Samsung continues to develop phones that are as good, if not superior to the competition, and they continue to innovate then its called buying the best not being a sheep. But only time will tell. (I already see people buying the SGS3 and being amazed, yet having no clue what its actually capable of. SMH) I still disagree with the rest of your statement though. The reason the iPhone 4S was seen as a poor upgrade was that it kept the same screen size AND technology, same design, same RAM and the only major UI changes it had was its notifications. The Camera improved and it had a dual core CPU, but clearly that's not enough of a change if only ONE new model is released every year. The SGS3 is considered a huge upgrade because of new processor, new design, new camera, new screen size and technology used (compared to SGS2), and a MAJOR UI overhaul. What extra features where you looking for? The only allegiance I have is to a company that pushes the envelope, because at the end of the day, all businesses want to make money. I just have to make sure its money well spent on my part.

24. tedkord

Posts: 17318; Member since: Jun 17, 2009

You become a sheep when you buy a phone based solely on its brand. No one is buying the Galaxy S3 because it's a Samsung, or because it's a Galaxy.

26. Aeires unregistered

Actually the S3 is a big upgrade from the S2. The amount of features Samsung packed into the S3 are worth getting this phone for. The specs are also better, but technology is only moving so fast at the moment. To make another point, let us know when people take vacation to camp out in line for a phone that has only a few options added to it. Now that's absurd.

5. AngryAppleCustomer

Posts: 3; Member since: Jul 05, 2012

I am a long term iPhone user and have always been a critic against android. I was a apple fan at heart. But now it's pretty obvious that Samsung, and android in general, have overcome any potential apple could ever accomplish. I am disappointed in the iPhone, but it is evident that the switch to android is proper. Android has succeeded. Apple has failed. Message to all other iPhone fans, it's ok to change what we onced loved. There is no point in "suffering" with what we believe to be is the best and really just missing out on the reality. I congratulate android, for they have won.

13. Sackboy117

Posts: 178; Member since: Oct 17, 2011

Well said. . . but what's up with ur name??

20. mas11

Posts: 1034; Member since: Mar 30, 2012

The iPhone was the best phone on the market until the OG DROID came out. It was the Time Magazine Gadget of The Year. Apple failed to surpass Android with the iPhone 4 and from then on Android has remained on top. So I agree with your statement.

23. tedkord

Posts: 17318; Member since: Jun 17, 2009

Well, I think you're being a bit generous. I think it wasn't until Froyo/Gingerbread that Android overtook iOS. As far as devices, the first to really surpass the iPhone was the Galaxy S2. It was close, but the SGS2 edged it out.

29. thedarkside

Posts: 654; Member since: Apr 30, 2012

im, what most people on here, would call an ifan. although i love my phone for the simplicity and size, i honestly must agree with you. if apple continues to fail on delivery on future devices i may just not get them any longer. i thought about getting an ipad just so i could sync everything up with my iphone but since playing around with a friends ASUS Transformer Prime tablet, ive decided it was a better fit for me.

7. Packer29

Posts: 56; Member since: Sep 10, 2011

I will soon be giving up my Razr Maxx for tje Galaxy s 3, congrats to Samsung!

30. thedarkside

Posts: 654; Member since: Apr 30, 2012

im not sure im completely agree with your switch, but if there were any phone to go to it would be the S3. so i give you +1 thumbs.

8. Sackboy117

Posts: 178; Member since: Oct 17, 2011

Ah, so this is why they are being targeted by Apple. Other than that, good for Samsung.

11. Mehdia

Posts: 23; Member since: Apr 22, 2012

good samsung is 1st smartphone go samsung.

15. checkmymike

Posts: 219; Member since: Dec 28, 2011

what?

16. Bluesky02

Posts: 1439; Member since: Dec 05, 2011

Yeah Sammy stay focus in very department, don't become like Sony, where the focus stayed too much on the Playstation department

17. networkdood

Posts: 6330; Member since: Mar 31, 2010

so, how much of that goes to patent lawyers?

21. hung2900

Posts: 966; Member since: Mar 02, 2012

Oh, great number. And if you go to the source, 5.9 billion is the profit of Samsung Electronics only, not the whole Samsung group.

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