Friday, October 28, 2011

Samsung mobile division breaks records in Q3, total profit falls

Samsung mobile division breaks records in Q3, total profit falls

Samsung just posted its Q3 results and reported that its consolidated profits were lower compared to the previous quarter. The conglomerates division brought in a total of KRW 41.27 trillion in revenue ($37.3 billion) and KRW 3.44 trillion of profit ($3.11 billion). The sales are up 3% YoY and 5% sequentially, but their net profit is down 23% compared to Q2 of 2010 and 2% sequentially. However, things are much rosier if you focus on the Mobile phone division only.

GSM Arena, Samsung mobile division breaks records in Q3, total profit falls