“Samsung Electronics Co., the world’s largest maker of televisions and mobile phones, posted a record quarterly profit that beat analysts’ estimates as surging sales of Galaxy smartphones helped it challenge Apple Inc.’s iPhone,” Jun Yang reports for Bloomberg.
“While seeking to cement its dominance in TVs with new models, Samsung is targeting record phone sales this year to keep its lead over Apple, a key customer it’s also been fighting in global patent lawsuits,” Yang reports. “Operating profit may be 200 billion won higher or lower than today’s preliminary estimate when audited results are announced later this month, Samsung said. The company didn’t provide net income for the quarter or divisional earnings.”
Yang reports, “Shipments of the Galaxy S III, the latest version of Samsung’s best-selling smartphone line-up, probably totaled 7 million units by the end of June since the model went on sale the previous month, Song Myung Sup, a Seoul-based analyst at HI Investment & Securities Co., said in a June 27 report.”
Read more in the full article here.
MacDailyNews Take: Obviously, crime continues to pay. Very well.
Apple’s products came first, then Samsung’s:
Related articles:
Judge rejects Samsung bid to lift ban on U.S. tablet sales – July 3, 2012
Judge Koh deals next blow to Samsung, denies all 12 of its summary judgment requests – July 1, 2012
Apple wins U.S. preliminary injunction against the Samsung/Google Galaxy Nexus over Siri patent – June 29, 2012
Apple posts $2.6 million bond to ban Samsung Galaxy Tab 10.1 – June 28, 2012
Samsung likely to appeal U.S. Galaxy Tab 10.1 sales ban; claims ‘design innovation and progress restricted’ – June 27, 2012
Apple wins preliminary injunction against Samsung Galaxy Tab 10.1 tablet – June 26, 2012
Düsseldorf court denies preliminary injunction against Galaxy Tab 10.1N: Design-around pays off for Samsung – February 9, 2012
Apple loses bid to get preliminary ban on Samsung Galaxy Tab 10.1N, Nexus Phone in Germany – February 1, 2012
German court leans toward letting Samsung distribute Galaxy Tab 10.1 N – December 22, 2011
Apple petitions German court to ban a fourth Samsung Galaxy Tab: The 10.1N model – November 29, 2011
Samsung relaunches modified Galaxy Tab 10.1 in Germany – November 16, 2011
Samsung appeals Galaxy Tab 10.1 ban in German court – September 13, 2011
German court upholds Apple complaint: Bans Samsung Galaxy Tab from sale in Europe’s largest market – September 9, 2011
How will investors feel about the size of those profits with looming lawsuit rulings, possible settlements or fines, and having the tap shut off?
Unfortunately for samsung stock holders in the future, they are likely to pay for what today’s shareholders have plundered.
I’m probably going to have a love child with Charlize Theron this year. After that I’m probably going to be declared the King of the World, which will probably usher in another 10,000 years of prosperity and well-being.
Prosperity may vary by 10,000 years. King of the world may be limited to an area of 10 square feet. And Charlize Theron may be replaced by Roseanne Barr.
“The weed of crime bears bitter fruit. Crime does not pay…. The Shadow knows!”
Sammy builds nice products several of which have little if anything to do with mobility or tablets. Samsung Global group of companies is 4 times larger than Apple. They will be fine and yes the Court battles will continue but with Sammy and Google teaming up on their patents defense, things are about to get interesting for Apple. I love my Apple gear but there is life outside the Apple world.
No there isn’t.
Please Elaborate why there is not life outside of the Apple World.
a) I think he meant that as a joke. ???
b) and then there is the definition of life. Some say that if you just duplicate (slavishly copy) and take over other efforts (steal IP) just so you can get bigger, then that is life…
Most of us just think its just being a virus. LOL
Hear hear! 🙂
Not a meaningful life, that is…
Sammy? Seriously, Do you work for Build A Bear?
” Samsung Global group of companies is 4 times larger than Apple.”
That is grossly incorrect: The Samsung Global Group’s annual revenues are only about 40% larger than Apple’s and the Group’s net profits are about one-quarter as much as Apple’s.
(And, by the way, there is no life outside the Apple world. There is only a depressing, cold wasteland.)
+1 Just the facts, ma’am
Dan and Ralph……like Batman and Robin? Or should I say like like Batman and Bruce Wayne. One and the same maybe.
You are on a site where people use a Mac instead of a PC. Meaning that we are not stupid to fall for your obvious “TROLL in disguise” routine. Now fuck off and play with your virus ridden joke of a copycat android.
I don’t think you read Dan’s response, Paul. Look at it again.
“Shipments of the Galaxy S III, the latest version of Samsung’s best-selling smartphone line-up, probably totaled 7 million units by the end of June.”
Probably? Yeah, you could probably make up any damn number you please since Samsung is apparently too embarrassed to publish its unit sales. So knock yourself out, Song Myung Sup.
I wonder if those junk buying cheapskates without a sense of taste know that they are supporting a company that produces landmines, tanks, armed robots and other damnable stuff.
Does it matter? Every tax payer in the USA is supporting the building of tanks, bombs etc on a far grander scale than Samsung.
The military is using iPads so I guess APPL shareholders should be concerned too!
“Suggest a Boycott?”
“Make it so, Number One!”
I will not be surprised to hear the following news someday…
“…Another Samsung executive has been gun down in his car with a post-it note “Copy This!!” stapled to his face…”
Come on, MDN! The title of the article you quote was “Samsung Shares Decline After Second-Quarter Sales Miss Estimates”. But I would never guess that from your coverage!
It came to me today that the Galaxy III was the next iPhone 5 but Samsung got a hold of it some how and produced it without a glitch. Apple didn’t have the proper protection in place. It sounds crazy but these were early picture
… whoosh ka-boom mum came in and flipped the PC off switch. or BSOD?
mwahaha.
Desperate mobile manufacturers include bevy of hot girls with each new handset to compete with Apple…
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/electronics/9380408/Samsungs-Galaxy-phone-drives-record-5.9bn-quarterly-profit.html
Baloney.
Samsung has not released a breakdown by business segment. Wait a few weeks. WS shysters have chosen these apers as a foil to manipulate apple stock price since the true sales figures can be hidden due to samsungs diverse business segments.
Samsung has learned from bezos on how to obfuscate stuff. I suggest waiting a few weeks. I bet the pronouncements will not much the divisional sales for Samsung mobile.
Samsung’s corporate nose must be at least 3 parsecs long by now. Their corp. sales are based on shipments which in turn are based on numbers pulled out of their ass, and Apple continues to take home over 70% of the cash pie and is laughing all the way to the bank.
…probably totaled 7 million units by the end of June
EXCELLENT! That’s more damages Samsung will be paying to Apple for ripping them off.
Samsung is soooo screwed. By all means Samsung, dig your grave deeper!