Samsung Releases Record Q1 Earnings of $4.46B, Proceeds to Make it Rain

We may earn a commission when you click links to retailers and purchase goods. More info.

Today, Samsung has released their earnings report for the first quarter of 2012. To make it short and sweet, they raked in a cool $4.46 billion in profit (up 81% from last year) thanks to huge growth in their mobile communication sectors – not a surprise there. According to Sammy, the Galaxy Note was selling like hotcakes and the international popularity of the Galaxy SII skyrocketed them to be the number one handset manufacturer in the world.

Samsung is expected to continue its strong growth momentum in the second quarter, following the announcement of the next GALAXY device in London on May 3.

From what we can tell, Samsung is expected to put a lot of effort into making sure the “next GALAXY” does well in the market. And with marketing ploys such as their staged protest outside of Apple stores in full effect, they’re having no troubles generating buzz for their upcoming flagship device.

Via: Samsung | Earnings Report



Collapse Show Comments