Galaxy Smartphone Sales to Help Record Profit For Samsung
$1 billion Apple court case defeat hasn't slowed down commercial performance of flagship Galaxy smartphone lineup.
Samsung has estimated record profits in the three months to September, which will be spearheaded by the solid commercial performance of its flagship Galaxy smartphones.
The South Korean conglomerate said they expect operating profits of 8.1 trillion won, which equates to $7.3 billion. That's nearly double the profit the firm reported last year.
Due to the estimates besting analyst expectations, Samsung shares have since increased by 1.5 percent.
"Stronger than expected sales of Galaxy S3 and high-end television models appear to have propelled strong earnings growth in the third quarter," said Lee Sun-Tae, from NH Investment & Securities.
While it is due to pay $1 billion to Apple in damages over its pre-iPhone 5 court defeat (or not), the legal loss still hasn't hurt Samsung's Galaxy S3 sales; in fact, it's actually experienced considerable increases in sales since August.
As for sales figures for the Samsung Galaxy S3, the smartphone sold 20 million units a 100 days after its launch. Samsung has said it expects the device to sell a further 10 million units during 2012.

Not in one quarter, retard.
Exactly. I bet Apple didn't expect that epically long (and still ongoing?) court battle to actually benefit Samsung.
Large parts of that have to be blamed on the phone service providers. A lot want their own crap installed and what not.
At least in the US. Don't know how it is in Europe or anywhere else.
I'll bet if service providers didn't each want their own version we would see more updates.
yah u yourself admitted that apple makes 4 times more profit u isheep..
garbadge + shiny cover +rotten apple+bunch of isheep ... boom 4 time more profit
Not in one quarter, retard.
Ya'll Americans need to come to Asia.....
We get our Samsung Android products a whole month early sometimes
We get our Samsung Android products a whole month early sometimes
I remember the first PS3 Slim being rumors all over internet but already seeing it already on some stores here.. although not for sale yet.
hope Samsung learned on this and provide more Featurific Products and Innovative
No, updates aren't existent here either for older phones, and we dont have carrier locked phones.
So Samsung and the fruit can keep right on at it as far as I'm concerned.
Again, you just can't recommend the SGS3 enough but that doesn't mean the iPhone5 is trash...my wife loves hers.
Yeahp...and Sammy knows that's just helping them (and every little bit helps)...it got me to look in their direction.
And this is something for everybody including Apple defenders that shows how Apple twisted some evidence in court:
http://www.groklaw.net/article.php?story=20121004050859829
http://en.wikipedia.org/wiki/Samsung
http://en.wikipedia.org/wiki/Apple_Inc.
...
And yet despite Apple profits, Samsung still has more than double the revenue, more than double the total assets and more than triple the total equity, Apple have a long way to catch up and those profits only serve to artificially inflate the share value beyond the companies actual value. Apple knows this and now so do you.