28 October, 2011
Samsung just posted its Q3 results and reported that its consolidated profits were lower compared to the previous quarter. The conglomerates division brought in a total of KRW 41.27 trillion in revenue ($37.3 billion) and KRW 3.44 trillion of profit ($3.11 billion).
The sales are up 3% YoY and 5% sequentially, but their net profit is down 23% compared to Q2 of 2010 and 2% sequentially.
However, things are much rosier if you focus on the Mobile phone division only. Samsung mobile phones sales rose "low 20%" on QoQ and "high 20%" YoY. The company become the world's leading smartphone manufacturer selling 27.8 million in the past three months, overtaking Apple, which only managed 17.1 million.
![](http://st.gsmarena.com/vv/newsimg/11/07/samsung-q2-results/big.jpg)
The strong growth, driven by the great performance of the Galaxy S II on the market lead to the Samsung mobile division generating $13.5 billion of revenue, which is a whopping 39% increase compared to the same period of last year and 23% higher than the result for Q2. Operating profits reached $2.3 billion, which represents a 51% sequential increase.
Samsung expects to see more of the same in the holiday season with strong demand for their lineup of high-end products in developing markets and mass market smartphones in emerging markets.
According to the company, the Galaxy Note, the Galaxy Nexus and the Omnia W are the three premium devices that are expected to perform the best in Q4.
The sales are up 3% YoY and 5% sequentially, but their net profit is down 23% compared to Q2 of 2010 and 2% sequentially.
However, things are much rosier if you focus on the Mobile phone division only. Samsung mobile phones sales rose "low 20%" on QoQ and "high 20%" YoY. The company become the world's leading smartphone manufacturer selling 27.8 million in the past three months, overtaking Apple, which only managed 17.1 million.
![](http://st.gsmarena.com/vv/newsimg/11/07/samsung-q2-results/big.jpg)
The strong growth, driven by the great performance of the Galaxy S II on the market lead to the Samsung mobile division generating $13.5 billion of revenue, which is a whopping 39% increase compared to the same period of last year and 23% higher than the result for Q2. Operating profits reached $2.3 billion, which represents a 51% sequential increase.
Samsung expects to see more of the same in the holiday season with strong demand for their lineup of high-end products in developing markets and mass market smartphones in emerging markets.
According to the company, the Galaxy Note, the Galaxy Nexus and the Omnia W are the three premium devices that are expected to perform the best in Q4.
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