The Channel logo

News

By | Anna Leach 27th July 2012 13:18

Samsung snubs slump, slurps stunning smartmobe sales

Slow down? What economic slow down?

Strong smartphone sales banked Samsung a $4.56bn profit in the three months to 30 June, according to its latest bean counting exercise. The South Korean giant posted a 48 per cent year-on-year rise in net income in preliminary results announced last night [PDF].

Despite the economic chill that has seen even Apple's growth hit the brakes, Samsung trousered 5.19 trillion won ($4.56bn) in net profit in the quarter just gone - up from 3.51 trillion won ($3.08bn) in Q2 2011 and up 3 per cent on the 5.05 trillion won ($4.43bn) in Q1 2012.

Smartphones performed very strongly for Samsung: overall sales revenue from mobiles was up 75 per cent year-on-year, from 11.69 trillion won ($10.26bn) in Q2 2011 to 20.52 trillion won ($18.02bn) in Q2 this year.

Samsung's success with smartphones puts them further ahead of Apple in the sector. While Cupertino shifted 26 million iPhones in the last quarter, StrategyAnalytics estimates that Samsung sold 50.5 million handsets. That gives Samsung 34.6 per cent of the global smartphone market to Apple's 17.8 per cent.

With 47.60 trillion won ($41.79bn) in total revenue for the quarter, Samsung is also the biggest technology company in the world in terms of total takings. Apple pulled in $35bn last quarter but made more profit: $7.2bn.

In line with the general economic gloom and flatlining demand in Western markets - Samsung's sales of PCs, printers and network hardware fell in the past quarter. Weak PC demand dampened sales of Samsung's DRAM semiconductors for PCs, although sales of DRAM for servers and mobile tech grew moderately.

Samsung managed to post moderate growth even in stagnant areas, such as telly sales, by focusing on developing markets. The company predicts that its smartphone sector will continue to perform strongly in the next three months of 2012, and are expecting growth in the TV sector, particularly in China. ®

comment icon Read 10 comments on this article alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust