Galaxy S III helps to create Samsung's $5.9bn profit

Samsung is doing very well for itself, thank you very much. The company sent out estimated earnings for the second quarter of 2012 on Friday and said that it generated a profit of 7.7 trillion won (about $5.9 billion). That's a massive 79 percent increase compared to the same period a year ago. Overall revenues for Samsung were 47 trillion won ($41.4 billion) for the second quarter. The company will reveal its full earnings report later in July.

Reuters reports that one of the big boosts for Samsung's profits were sales of its smartphones, such as the recently launched Galaxy S III. An unnamed executive from the company said "Our smartphones are flying off the shelves, with some outlets reporting 40-60 percent sales growth ... "

Even with Samsung's success, the unnamed executive does see trouble on the horizon, mainly due to the current economic situation in Europe. The executive stated, "Europe is our biggest consumer electronics market and we may have to initiate cost cuts and product price increases should the euro fall further from the current level."

The quad-core version of the Galaxy S III launched in Europe in May, while a dual-core version launched in the US and Canada in June but in limited numbers.

Source: Reuters

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I honestly dont understand the popularity of the S3. I think its biggybacking on the S2. Its screen isnt as good as the One, its ugly and its made from some cheap plastic. The kind of cheap plastic you get when you buy a cheap phone cover.

People are sheep, alot of my friends have been getting the S3 without even knowing what they like about the phone. All they tell me is that they "heard it was good".

Also, Apple made a huge mistake in pushing back the life-cycle of the iPhone from july to september.

FalseAgent said,
People are sheep, alot of my friends have been getting the S3 without even knowing what they like about the phone. All they tell me is that they "heard it was good".

The irony of the comment...

I have this phone(Pebble Blue) and don't think it's ugly at all. Silly Macboys are just taking things too far here.

Doesn't Samsung make everything in electronics just like Sony or more like GE!!! So why then are the profits from a phone just released make a huge difference in profits?? For those of you that think Samsung is like Apple; NO, they ain't making more profits than MS yet.

Well then! Get HTC One X

both great looking and amazing hardware. Samsung is just riding on the popularity of S2.
no reason to get it otherwise.

Yet the biggest selling are in Europe.
it's somehow easy to acquire such phone, because of the long term financial credits, and we the most easy access to them. Making the European people more tech consumer, but yet the consumer with financial problems .. and thats the truth, for next 2 years or less, no other company in smarthphones market will ever get such numbers. Big sales booms, leads to big sale falls..

Um what? Samsung is a much much MUCH larger company than Microsoft and Apple (combined even).

Samsung aren't just a phone and tv manufactuer They're in pretty much every industry you can think off (even insurance)

Revenue: US$ 247.5 billion (2011)

-Razorfold said,
Um what? Samsung is a much much MUCH larger company than Microsoft and Apple (combined even).

Samsung aren't just a phone and tv manufactuer They're in pretty much every industry you can think off (even insurance)

Revenue: US$ 247.5 billion (2011)

Samsung Electronics is where most of the profit is. I'm sure if you combined the rest of the Samsung Group companies, they would not be even 50% of SE.

-Razorfold said,
Um what? Samsung is a much much MUCH larger company than Microsoft and Apple (combined even).

Samsung aren't just a phone and tv manufactuer They're in pretty much every industry you can think off (even insurance)

Revenue: US$ 247.5 billion (2011)


Maybe in size, but Apple is still making nearly twice as much as Samsung in profits. Size of a company doesn't mean much, just look at Sony, so big and losing so much money.

I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.

Deihmos said,
I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.

Looks are subjective. Obviously a lot of people think otherwise. I care about performance more than looks.

Deihmos said,
I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.

Cause clearly everyone has the same taste as you. In fact, id say most dont. Grow up.

Deihmos said,
I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.
I could say the same about the iPhone however, people seem to think otherwise.

How dare anyone else have a taste or opinion that differs from mine!!!

Deihmos said,
I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.

I would rather have a good functioning phone than a so called "good looking phone". Btw, what is so ugly about it. It is a phone with a screen with rounded edges and it is thin. It you don't like it because of size than that is your choice. I came from a Nexus One and I love the additional screen size and clarity. The S3 is a great phone!!!!

Deihmos said,
I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.

Not everyone wants a 3.5 in screen that has looked almost identical in hardware/software since day one.

Deihmos said,
I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.

I'm glad you feel that way. The iphone 4 looks like it's shaped like a slice of Spam to me... everyone is different

Deihmos said,
I don't get it. This phone has to be one of the ugliest phones I have ever seen yet it sells like hot cakes. The phone is so huge.

I have certainly seen worse. Have you ever held it? It's not all that big, it only sounds big.
It certainly could so betetr as far as looks, but again I have seen worse. It looks betetr than any Motorola phone orphones I seen from LG. Certainly doesn't look as good as the HTC One X series or the Lumia 900. But it still looks good. I personlally like the look of thr T-Mobile GSII.

Personally I really wish Samsung would stop making the phone chassis using cheap pieces of plastic! I don't know about the S3, but the back cover for S2 was so thin and delicate that I worried it'd snap when I put it back in

techbeck said,

Not everyone wants a 3.5 in screen that has looked almost identical in hardware/software since day one.

Oh dear, the resident Android fan is referencing how stale iPhone and iOS are again.

It's good to know that, for something to no longer look stale, all a company has to do is up size the screen, change the curvature of the device, throw some widgets in, and slap a new coat of paint over the existing UI.

(a bit trollish, I know, but I use both Android and iOS, and I don't run around thinking Google has just oh so totally revamped Android's UI over time, while iOS has remained almost identical to its first version.)

omgben said,

It's good to know that, for something to no longer look stale, all a company has to do is up size the screen, change the curvature of the device, throw some widgets in, and slap a new coat of paint over the existing UI.

wait, you lost me there... it thought making a screen bigger, changing the shape of something, add extra widgets, and making the screen look different *would* make it not stale?

omgben said,

It's good to know that, for something to no longer look stale, all a company has to do is up size the screen, change the curvature of the device, throw some widgets in, and slap a new coat of paint over the existing UI.

(a bit trollish, I know, but I use both Android and iOS, and I don't run around thinking Google has just oh so totally revamped Android's UI over time, while iOS has remained almost identical to its first version.)

You use android and you think it is all about changing the screen size and adding widgets to make things not stale....ummmm, ok then. And there is a BIG difference between the first iOS and current.....compared to the first Android OS and current.