Samsung Quarterly Earnings Reach $7.29 Billion

Samsung Electronics today announced its earnings guidance for the third quarter of 2012. The company estimated its revenues to be 52 trillion Korean won ($46.8 billion) and estimated its operating pro...
Samsung Quarterly Earnings Reach $7.29 Billion
Written by

Samsung Electronics today announced its earnings guidance for the third quarter of 2012. The company estimated its revenues to be 52 trillion Korean won ($46.8 billion) and estimated its operating profit at 8.1 trillion won ($7.29 billion). This continues Samsung’s trend of rising revenue and could lure back investors who bailed on the company after it lost to Apple in a much-publicized U.S. patent lawsuit.

Part of Samsung’s growing success is undoubtedly its success in the growing smartphone market. Its flagship Android smartphone, the Galaxy S III, has sold over 20 million units since its debut this spring. A mini version of the Galaxy S III is rumored to be in the works for a launch this holiday season. Samsung expects its new extra-large Android smartphone, the Galaxy Note II, to sell upwards of 20 million as well.

ComScore, a leading digital metric company, this year has consistently estimated that over a quarter of Americans who have smartphones use a Samsung device.

Though Samsung was ordered to pay $1 billion to Apple after a jury back in August determined Samsung violated Apple design patents, the Korean company has continued to fight Apple on the legal front. Just this week, Samsung added Apple’s new iPhone 5 smartphone to a patent case set for a 2014 trial. Samsung claims the iPhone 5 and other iPhone models violate wireless technology patents it holds.

Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit