Feeds

Samsung predicts galactic profits

Huge smartphone sales drive third quarter earnings

Secure remote control for conventional and virtual desktops

Samsung Electronics said its third quarter profits should be up 12 per cent on the previous quarter, as its Galaxy line-up continues to haul in tonnes of won – despite its ongoing disputes with Apple.

The Korean group pegged its approximate consolidated operating profit at $3.5bn (4.2 trillion won), up from $3.1bn (3.75 trillion won) in the second quarter of this year. Detailed earnings for the period of July to September will be released later in the month.

At the end of September, Samsung reported that it had sold 10 million Galaxy SII smartphones worldwide, doubling from five million in just eight weeks.

The numbers tallied with analysts' research showing the meteoric rise of Samsung in the smartphone market.

In July, beancounters Strategy Analytics said Samsung had overtaken Nokia to become the world's second-largest smartphone vendor.

"Samsung’s shipments grew a huge 520 per cent annually... Samsung’s Galaxy portfolio has proven popular, especially the high-tier S II Android model," director Neil Mawston said at the time.

In the quarter, Apple shipped 20.3 million units, compared to Samsung's 19.2 million units, giving the fruity firm 18.5 per cent of the market to the Korean chaebol's 17.5 per cent.

The numbers are not lost on either company, as they have taken their battle for market share into the patent courts with suits and counter-suits over smartphones and fondleslabs all over the world.

Both firms are currently making the most of the preliminary injunction tactic, where the one tries to get the other's products banned pending court decisions on IP infringement.

Apple has already succeeded on some lines in Germany and the Netherlands, and is awaiting a decision in Australian court, while Samsung announced its intention to seek injunctions on the iPhone 4S in France and Italy almost as soon as it was announced. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.