Home / / Samsung reports record Q2 profits

Samsung reports record Q2 profits

Profits up 79% to $5.9bn, driven by Galaxy smartphone sales

Samsung reports record Q2 profits
Strong sales of the Samsung Galaxy range have helped Samsung to a record Q2.

Samsung has posted a record quarterly profit for the second quarter, driven by strong sales of its Galaxy smartphones.

The Korean consumer electronics giant reported quarterly profits of 6.7 trillion won ($5.9bn), a rise of 79%. The results marked the highest quarterly profit for Samsung since 2008.

Revenues were up 14% from 39.44 trillion won in Q2 2011 to 47 trillion won in 2012.

While sales of smartphones were strong, other businesses such as chips and consumer electronics are battling weak prices and demand and a limping euro, which eats away at repatriated profits.

Follow us to get the most comprehensive IT business news delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018