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Galaxy Smartphone Sales to Help Record Profit For Samsung

By - Source: Telegraph | B 19 comments

$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.

 

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Top Comments
  • 29 Hide
    luciferano , October 8, 2012 1:13 AM
    Some companies can stand up against Apple's bullying and not only that, but thrive on it. Nice going, Apple. You wanted to diminish competition, but your despicable tactics have been counter-productive.
  • 23 Hide
    joytech22 , October 8, 2012 1:12 AM
    Good to hear, they make really good products so they deserve it.
  • 22 Hide
    wedouglas , October 8, 2012 3:36 AM
    clubsaucekillerApple made almost 4 times more profit than this last year. Too bad Samesung can't copy profits.


    Not in one quarter, retard.
Other Comments
  • 23 Hide
    joytech22 , October 8, 2012 1:12 AM
    Good to hear, they make really good products so they deserve it.
  • 29 Hide
    luciferano , October 8, 2012 1:13 AM
    Some companies can stand up against Apple's bullying and not only that, but thrive on it. Nice going, Apple. You wanted to diminish competition, but your despicable tactics have been counter-productive.
  • 19 Hide
    fudoka711 , October 8, 2012 1:22 AM
    luciferanoSome companies can stand up against Apple's bullying and not only that, but thrive on it. Nice going, Apple. You wanted to diminish competition, but your despicable tactics have been counter-productive.


    Exactly. I bet Apple didn't expect that epically long (and still ongoing?) court battle to actually benefit Samsung.
  • 15 Hide
    jhansonxi , October 8, 2012 1:48 AM
    Record-breaking judgements in copycat lawsuits seem to be a good way to publicize a product's similar feature set.
  • 18 Hide
    dimar , October 8, 2012 1:49 AM
    If only Samsung could use tiny bits of those profits to keep-up the older Android phones with latest Android versions...
  • 11 Hide
    halcyon , October 8, 2012 2:51 AM
    Samsung does make decent products. Good to know they're doing well.
  • 12 Hide
    Kami3k , October 8, 2012 3:16 AM
    dimarIf only Samsung could use tiny bits of those profits to keep-up the older Android phones with latest Android versions...


    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.
  • 11 Hide
    varun270588 , October 8, 2012 3:31 AM
    clubsaucekiller[/nom]Apple made almost 4 times more profit than this last year. Too bad Samesung can't copy profits.[/citation]

    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
  • 22 Hide
    wedouglas , October 8, 2012 3:36 AM
    clubsaucekillerApple made almost 4 times more profit than this last year. Too bad Samesung can't copy profits.


    Not in one quarter, retard.
  • 10 Hide
    greghome , October 8, 2012 3:58 AM
    Kami3kLarge 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.


    Ya'll Americans need to come to Asia..... :p 
    We get our Samsung Android products a whole month early sometimes :D 
  • 1 Hide
    chibiwings , October 8, 2012 11:13 AM
    Quote:
    Ya'll Americans need to come to Asia..... :p 
    We get our Samsung Android products a whole month early sometimes :D 

    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
  • 1 Hide
    ojas , October 8, 2012 12:25 PM
    Kami3kLarge 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.

    No, updates aren't existent here either for older phones, and we dont have carrier locked phones.
  • 2 Hide
    halcyon , October 8, 2012 1:00 PM
    I think, for us consumers, this war between Apple and Samsung is good stuff. Its driving both of them to strive to outdo the other and we're benefiting with better products at reasonable costs. They're both making money hand-over-foot so the lawsuits don't seem to hurt too much {man, can I get a billion dollars? Can I?}. In 2 weeks time I've completely been taken by the SGS3 (and by loose association this Asus Transformer Infinity) and I'm a hard case to please, now they're talking about an SGS4. However, having seen the iphone 5 {that my wife just got}, its nice too and she's thrilled. ...not my cup of tea right now but I can see why people like it. It took $60 worth of Zagg Invisible Shield on the front and back to protect it so it doesn't look disgusting after 2 days. For all that money Apple could have implemented a durable design. Samsung, on the other hand, shot for durability (one could say) over design asthetic (though TBH, the SGS3 is a good looking piece of kit). I'm not crazy about all plastic but it may hold up to everyday use for some that are not as careful with their gear as others much better than the scratch-prone alumiinum our other friend chose. My wish for the SGS4 would be something like Kevlar or something else neat that looked amazing and was durable (see Moto Razr/Razr Maxx) but that's kinda minor.

    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.
  • 5 Hide
    kawininjazx , October 8, 2012 1:02 PM
    I think some people are put off by Apple's "sue everyone" approach, and though Samsung is a huge company, they come out looking like the underdog.
  • 4 Hide
    halcyon , October 8, 2012 1:04 PM
    Quote:
    I think some people are put off by Apple's "sue everyone" approach, and though Samsung is a huge company, they come out looking like the underdog.

    Yeahp...and Sammy knows that's just helping them (and every little bit helps)...it got me to look in their direction.
  • 3 Hide
    yyk71200 , October 8, 2012 4:15 PM
    Good for Samsung.

    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
  • 3 Hide
    back_by_demand , October 8, 2012 10:07 PM
    clubsaucekillerApple made almost 4 times more profit than this last year. Too bad Samesung can't copy profits.

    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.
  • 3 Hide
    diesector , October 8, 2012 10:55 PM
    Negative publicity is always a good thing ... I guess. Everyone loves the underdog and everyone loves the drama. Personally, I'm just fine with my Galaxy S2 (i777) and it continues to rock with JB on it.