The New Stuff

samsung

Samsung Posts Record First Quarter Sales


samsung1 300x225 Samsung Posts Record First Quarter SalesSamsung is enjoying a lot of success with its mobile phone division, with the company reporting that it has made record profits for the first quarter of 2012.

Samsung, now the biggest electronics manufacturer in the world, has reported revenues of almost $40 billion, translating to a net profit of $4.4 billion.  This is almost double the figure the company posted for the same period last year.

The mobile phone division of the company was one of the biggest contributors to that success, with profits growing four fold to $3.7 billion. Samsung attributed the runaway success with the large sales of two its mobile phones – the Galaxy S II and the Galaxy Note. According to Reuters, Samsung have sold an estimated 90 million phones during the quarter, with 44 million of that being smartphones.

The record sales of its mobile phone division has largely veered attention away from troubles in their chip division, which has seen a sales decline and cutting its profits by half.

Samsung’s display panel division has also been a success, as it has made a profit for the first time in two years. The panels that Samsung makes are used in a wide array of devices – from mobile phones to monitors, TVs and computers.

Samsung is going to ride this wave of good news until the imminent release of the Galaxy S III, which is anticipated to be another success for the company.

Recently Published

Dan Woods. Strategy Games. www.flickr.com. 13 May 2006
»

Getting to Know 3 of Japan’s Emerging Players in the Gaming Industry

...

messages
»

Understanding The World Of Disappearing Messages

Rebecca Sedwick was a 12 year old girl suffering at the hands of her ...

Facebook usage
»

Can Social Media Posts Be Used as Legal Evidence?

Millions of people are now communicating via the internet today and ...

wp-audio-player
»

Best Audio Plugins for WordPress

Incorporating an audio file in a blog is one of the best ways to ...

timesheet
»

Best Apps to Keep Track of Your Franchise Business

The use of digital technology has become so important in business ...

iphone-vehicle-diagnostic
»

The Apple Device App That Will Check Your Engine

You’re probably of the many daily tasks your smartphones can help ...

Image Source
»

How to Put Your E-Business in Order

With the way some people rave about doing e-business today, one ...

article image
»

Mobile Apps Are the Leading Source of Internet Connections

Since the release of the iPhone and the subsequent appearance of the ...

battery-hacks-aa
»

5 Tips to Extend AA Battery Life

AA batteries are among the most commonly used batteries in any ...