Samsung To Post Record Q3 Profits Of $6.2 Billion, Thanks To Galaxy S III Sales

Posted on Sep 10 2012 - 4:43am by Editorial Staff

samsung logo2 300x100 Samsung To Invest $4 Billion At Its Chip Plant In Texas

With Samsung Galaxy S III had reached another milestone, surpassed 20 million mark and all that in 100 days since from the time the device made its debut, report from Yonhap suggests that operating profit of South-Korean giant Samsung expected to reach over 7 trillion won (around $6.2 billion) in the third quarter with amid better-than-expected sales of its smartphone Galaxy S III.

Local securities firms outlook reports expects Samsung’s third quarter operating profit to reach 7.5 trillion won, up 78 percent from the same period last year, with its quarterly sales rising 24.5 percent to 51.37 trillion won.

The company’s third quarter earnings are not due until the end of October, but we will catch and bring you each and every details of the company’s performance as soon as they are available.

(Image Source: Samsung logoFeatured Image)

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