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.
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.
