Samsung operating profit up 90% in Q3

Consumer electronics giant posts fourth consecutive record quarter

Tags: Samsung Corporation
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Samsung operating profit up 90% in Q3 Sales of Galaxy smartphones and high-end televisions drove record sales for Samsung. (ITP Images)
By  Mark Sutton Published  October 6, 2012

Samsung has reported its fourth record quarter in a row, with operating profits for the third quarter up 90% from last year, to 8.1 trillion won ($7.3bn).

The company posted sales of 52 trillion won ($46.8bn) for the quarter to end of September.

The strong growth was attributed to increased sales of high end televisions and Galaxy smartphones, although chip and screen orders from biggest customer, and rival, Apple fell. Analysts estimate that Samsung shipped 57 million smartphones in the quarter.

The company is not expected to post record results for the fourth quarter however, as it is likely to be impacted by aggressive marketing spending, high performance payouts for staff, and likely legal damages related to the $1bn awarded to Apple in its case in the US.

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