Samsung Flying High With Record $5.9 Billion Profit

Discussion in 'Apple, Inc and Tech Industry' started by PacificBeach, Jul 5, 2012.

  1. boomboom2 macrumors regular

    Apr 12, 2012
    How much of that is from their mobile division? They make everything from fridges to washing machines too.
  2. wc17 macrumors member

    Mar 7, 2012
    I'm not sure what this has to do with the iPhone but ok...

    Great news for them though! They make some great TVs!!!
  3. mbell1975 macrumors 6502a

    Mar 17, 2012
    Did you read the article?

    "Needless to say, it’s Samsung’s smartphone arm (and dare I say, Android) that has more than doubled the company’s profit growth, selling 380 smartphones every minute, accounting for 70% of their overall business."
  4. kdarling macrumors P6


    Jun 9, 2007
    First university coding class = 47 years ago
    The article says that 70% of Samsung Electronics' earnings come from mobile.

    It quotes an analyst predicting 19 million S3's shipping this quarter.

    Another paragraph noted that Samsung Electronics makes money from both their own and Apple's phones:

    "While the next iPhone, expected later this year, will likely slow Samsung's handset earnings growth, it will boost the Korean firm's semiconductor earnings as Samsung is the sole producer of processing chips used to power the iPhone and iPad, and also supplies Apple with mobile memory chips, NAND flash and display screens."
  5. dw3bb10 macrumors 6502

    Nov 1, 2008
    I'm pretty sure the OP was being sarcastic. If Samsung had lifeless drones buying their phones in crazy numbers like Apple does, then their profits would be in excess of $20 Billion as well.
  6. Timzer macrumors 6502

    Nov 10, 2011
    Samsung doesn't use cheap slave labor, therefore they won't have the same margins as Apple. So when Sammy sells Big Numbers, it will be an honest profit it invests back in it's home country, unlike some other fruity tunes company that keeps all it's cash elsewehere.
  7. Tarzanman macrumors 65816

    Jul 16, 2010
    Have you seen Samsung's assets? They don't need an insane profit margin because they bloody own half of South Korea.
  8. cyks macrumors 68020


    Jul 24, 2002
    Westchester County, NY
    So those of us who choose to buy iPhones because they're the best phone to suit our needs are lifeless drones?
  9. realeric macrumors 65816


    Jun 19, 2009
    United States
    You haven't read the inside story. Honest? What a joke! One of the most corrupt company in the world. :(
  10. dw3bb10 macrumors 6502

    Nov 1, 2008
    Not ALL, but MOST, yes. Definitely. Just ask an Apple Store employee. MOST people buy iPhones off of hype, and because everyone has them. Plain and Simple. If you didnt know that, then....well.........
  11. chrono1081 macrumors 604


    Jan 26, 2008
    Isla Nublar
    Actually most people buy them because they work well. Thats generally why people buy something that costs several hundred dollars.


    Wow I hope your being sarcastic, if not please google about Samsung labor if you think they don't use "lifeless drones".
  12. ugahairydawgs macrumors 68030


    Jun 10, 2010
    So Apple Store employees are trained on determining why a person is making a particular purchase? And you've polled them on this?

    How about carrier store employees? Are they given this training as well?
  13. sigamy macrumors 65816

    Mar 7, 2003
    NJ USA
    Got to wonder what will happen when Google pushes it's Moto devices to the forefront and Samsung and other OEMs get pushed to the background.
  14. G51989 macrumors 68030


    Feb 25, 2012
    NYC NY/Pittsburgh PA
    Is this just the eletronics part of samsung or overall?

    I know samsung as a whole is crazy huge, they make everything from fridges to cargo ships
  15. ChazUK macrumors 603


    Feb 3, 2008
    Essex (UK)
    Do you know something about the Google/Motorla buyout that Andy Rubin doesn't? :confused::cool:

    Tell us more! :eek:
  16. smithrh macrumors 68020


    Feb 28, 2009
    Many many many many times people well below the executive suite are the ones who know exactly what's going on.

    I f you think the C-suite has perfect vision.... I have a bridge for sale, just for you.
  17. PacificBeach thread starter macrumors regular

    Aug 20, 2011
    No it's good that the Galaxy S3 is having success! It is good that someone is finally challenging apple on innovation, Competition is good . And with iOS6 apple got lazy...........
  18. slapple macrumors 6502

    Jul 25, 2008
    So could the big dropoff in Wintek revenue recently have been caused by more people buying Samsung phones than iPhones?
  19. smoledman macrumors 68000

    Oct 17, 2011
    Have to hand it to Samsung, they're the only ones challenging Apple in mobile profits.
  20. Vegastouch macrumors 603


    Jul 12, 2008
    Las Vegas, NV
    Id say most of it

    Samsung Q2 profits hit record on smartphone sales

    Summary: South Korean firm makes 6.7 trillion won (US$5.9 billion) in operating profit for three months ended June, up 79 percent from year before, on the back of expected strong sales of smartphones.

    By Ryan Huang | July 6, 2012 -- Updated 02:00 GMT (19:00 PDT)
    Follow @RyanZDNetAsia

    Samsung Electronics has posted a record operating profit for its second quarter, above analyst expectations.

    For the three months ended June, its operating profit rose 79 percent from the same period last year to hit 6.7 trillion won (US$5.9 billion) according to its regulatory filing with the Korean stock exchange on Friday. This was above the market estimates of 6.58 trillion won (US$5.78 billion) compiled by newswire Bloomberg.

    Over the same period, the company's revenue rose 19 percent rise to 47 trillion won (US$41.2 billion). It did not give an estimate for net profit.

    "Earnings growth, led by smartphones, continued into the second quarter,” Brian Park, an analyst at Tong Yang Securities, said in a Bloomberg article. He added that "with today’s numbers, any concern about Samsung’s business, as well as overall demand for technology products, can be put to rest for now.”

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