Samsung posts £4.59 billion profit, in part due to Galaxy S3

You need Javascript to play this video.

Just after Apple posted their own quarterly earnings, Samsung has come forward with their own showing huge growth and some impressive sales thanks to the Galaxy S3

 

Samsung has announced a quarterly profit of around £4.59 billion, this figure is double that of last year and is in part down to the huge success of their Galaxy smartphones including the Galaxy S3 and the Galaxy Note 2.

Not only was it a record quarter for the company but Samsung also managed to gain nearly two thirds of their profits through smartphone sales as the company is believed to have already shipped 18-20 million Galaxy S3 smarpthones.

This golden age could be coming to an end however as Reuters predicts that the company's profits will slow after Christmas thanks to stagnent TV sales and the slowing of the smartphone market.

Recently the company won a victory over its main smartphone and tablet rival Apple after a UK judge ruled that not only do Samsung's products not infringe on Apple's designs but also that the Apple should publish a number of ads stating as such in UK publications.

The Californian company has also been ordered to post a link to this statement on its homepage, somewhat dampening its recent launch of the iPad Mini and the new MacBook Pro with Retina Display.

Samsung has recently launched its update to the Galaxy Note with the Galaxy Note 2 sporting a larger 5.5-inch display as well as the new design philosophy that was first started through the Samsung Galaxy S3.

Source:Reuters

Samsung Galaxy S3

Samsung Galaxy S3 review
Samsung Galaxy S3 review: Hands-on

The Samsung Galaxy S3 is finally here, and packs a quad-core processor

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now