Samsung Q1 2012 Results: $4.46 Billion Profit [Up 82 Percent]
Samsung reported their Q1 2012 results today, which consists of their smartphones as well as their vast variety of other household products.
The company made 45.27 trillion won (about $40 billion US) in sales, with a record 5.05 trillion won ($4.45 billion) in operating profit, which is up 82 percent compared to last year. Most of that is credited to their IT and Mobile business (specifically their smartphone lineup) and the strong showing it’s had lately.
“brisk sales of flagship Galaxy Note and Galaxy S II devices contributed to the company’s profitability”
Samsung Executives are even more confident after these results, already stating that they expect their “next Galaxy” device will be their “most successful smartphone ever”, later confirming that the name is infact, the Galaxy S III.
Apart from phones, the company also saw more demand in their Display Panel business for tablets, 3D and LED TVs and OLED panels for phones.
[Image Credit: Samsung]