Printed from http://www.electronista.com

Samsung posts fourth straight record profitable quarter

updated 08:35 pm EDT, Thu October 25, 2012

Strong smartphone sales make up for drops in chip revenue

Reporting just hours after rival Apple, Samsung reported record quarterly profits doubling from a year ago and coming in at $7.4 billion. Weakness in its chip division were obscured by strong sales of the Galaxy range of products, which accounted for more than two thirds of the company's profit for the quarter.

Details of numbers of phone shipped were not given, but are estimated to clear 58 million. The most popular phone in the line, the Galaxy S III, is expected to account for 18-20 million of the total.

Chip manufacture and sales earnings fell 28 percent to 1.15 trillion won ($1.1 billion) attributable to the drop of the price of DRAM. Commodity prices of NAND flash chips found in mobile device storage raised somewhat, helping to offset the loss of revenue from DRAM sales. The company said that DRAM oversupply and lower prices are expected to continue for the remainder of the year.

Analysts view the streak of four consecutive quarters posting record profits as ending in December. Television sales are expected to stagnate regardless of the holiday season and the mobile phone market pace is slowing. According to Reuters, profit growth is expected to slow to 16 percent from this year's unprecedented 73 percent.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Fugoo Bluetooth speaker

It's rare to find a Bluetooth speaker that can cover a large array of needs. Generally, speakers are wrapped in a desktop-convenient d ...

Epson LW-600P

Label makers are traditionally simple machines that perform a single task which people feel they can either live with or without. In m ...

DXG IronX 5G9V HD action cam

Since the introduction of the GoPro, numerous action cams have come out of the woodwork to tackle the consumer need for camcorders tha ...

Sponsor

toggle

Most Commented

 
toggle

Popular News