samsung Samsung reports record profit for Q1 2012, thx to smartphones/tablets

[Boz]

If you wanted to know how much cash Samsung made last quarter, you didn't have to wait until today. Just like in the fourth quarter of last year, the company's early guidancewas right on the money: the company made 45.27 trillion won (nearly $40 billion US) in sales, and a record 5.85 trillion won (about $5.1 billion) in operating profit for Q1 2012. After taxes, the company took home around $4.46 billion, up 81 percent since last year, and record-worthy in and of itself.

Samsung credits its IT & Mobile businesses for the strong showing, and specially mentioned its smartphone lineup: a press release says that "brisk sales of flagshipGalaxy Note and Galaxy S II devices contributed to the company's profitability." As you'd expect, executives are quite bullish about smartphones to come, too, saying that they expect the upcoming "next Galaxy" device to be "our most successful smartphone ever" on an investor call.

http://www.theverge....n-39-9b-revenue

[rajputwarrior]

[IronSkull]

Not surprising that they're doing well given their foray into tablets and larger smartphones being successful.

[Shahrad]

Won would be happy at the number being made by Samsung :D