Samsung notches record profits, aims to sell ten million Galaxy S phones this year: "
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tX13cJAWT9RW9G0AtlRBnN138HCPSas8CI2zVggI6W3Ql3LE86aAnlfIAtzKEGQnS_of4Iula1xX7UEzY61gB_jwVuyUnggRLEVj_MCKkBZJAuLOwUbf3uT3mUrp47pVg4_38aCZPlTd0=s0-d)
My, how a year changes things. Q3 2009 was a nightmare for mega-corps in terms of
earnings, but things have definitely been on the up and up just 12 months later. After Sony pushed out a glowing quarterly report
this morning, rival Samsung has done likewise. The company saw record breaking revenues of ₩40.23 trillion ($35.8 billion) as well as profits (₩4.46 trillion; $3.96 billion) in this most recent quarter, with Sammy crediting strong semiconductor performance for the bulk of its newfound fortune. A tip of the hat was also given to its mobile communications business, with the outfit moving a staggering 71.4 million phones during Q3 2010 (a 19 percent boost year-over-year). Reports are noting that between five and seven million of those were of the
Galaxy S variety, and it's hoping to sell ten million of 'em before the close of this year. All that said, the firm isn't expecting an equally rosy Q4, noting that a strengthening won and heightened price pressures around LCD panels and DRAM could put a damper on skyrocketing profits. So much for taking a day to celebrate, eh?
[Thanks, Rajendra]
Continue reading Samsung notches record profits, aims to sell ten million Galaxy S phones this year
Samsung notches record profits, aims to sell ten million Galaxy S phones this year originally appeared on Engadget on Fri, 29 Oct 2010 19:05:00 EDT. Please see our terms for use of feeds.
Permalink
Fierce Wireless | |
Email this |
Comments![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s2t5bXWVrzq-qwsSp3NmpvE48hrjZFBRlSd4o4Zq9D7-QW2dwWpSmM_02LUYlnsTeH-ajvza46Ri5xY8sOKtGDbe_9T17NSxrrJ4RGszBBNHrzpmKV5stKmDVrWk-p4LSHQ4Y=s0-d)
"
No comments:
Post a Comment