Feeds

Samsung snubs slump, slurps stunning smartmobe sales

Slow down? What economic slow down?

Boost IT visibility and business value

Strong smartphone sales banked Samsung a $4.56bn profit in the three months to 30 June, according to its latest bean counting exercise. The South Korean giant posted a 48 per cent year-on-year rise in net income in preliminary results announced last night [PDF].

Despite the economic chill that has seen even Apple's growth hit the brakes, Samsung trousered 5.19 trillion won ($4.56bn) in net profit in the quarter just gone - up from 3.51 trillion won ($3.08bn) in Q2 2011 and up 3 per cent on the 5.05 trillion won ($4.43bn) in Q1 2012.

Smartphones performed very strongly for Samsung: overall sales revenue from mobiles was up 75 per cent year-on-year, from 11.69 trillion won ($10.26bn) in Q2 2011 to 20.52 trillion won ($18.02bn) in Q2 this year.

Samsung's success with smartphones puts them further ahead of Apple in the sector. While Cupertino shifted 26 million iPhones in the last quarter, StrategyAnalytics estimates that Samsung sold 50.5 million handsets. That gives Samsung 34.6 per cent of the global smartphone market to Apple's 17.8 per cent.

With 47.60 trillion won ($41.79bn) in total revenue for the quarter, Samsung is also the biggest technology company in the world in terms of total takings. Apple pulled in $35bn last quarter but made more profit: $7.2bn.

In line with the general economic gloom and flatlining demand in Western markets - Samsung's sales of PCs, printers and network hardware fell in the past quarter. Weak PC demand dampened sales of Samsung's DRAM semiconductors for PCs, although sales of DRAM for servers and mobile tech grew moderately.

Samsung managed to post moderate growth even in stagnant areas, such as telly sales, by focusing on developing markets. The company predicts that its smartphone sector will continue to perform strongly in the next three months of 2012, and are expecting growth in the TV sector, particularly in China. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.